China's output of aluminum from recycling may jump 5.7 percent
next year on increased demand from car makers, an executive from
the country's largest maker of the metal from scrap forecast,
Bloomberg News reported yesterday.
Output may rise to 2.96 million tons from an estimated 2.8
million tons this year, Li Hongwei, vice general manager at
Shanghai Sigma Metals Inc, said at a conference. Production may
reach 3.6 million tons by 2010, Li said.
China is the world's largest producer of aluminum, the
lightweight metal used in car and plane parts. Passenger car sales
rose 21 percent in October to 496,900 units, according to data
released yesterday by the China Association of Automobile
Manufacturers.
Still, the growth in the nation's output of so-called secondary
aluminum may be curbed as the "profit margin from recycling scrap
has been slashed to below two percent due to low domestic prices of
primary aluminum," Li said.
(Shanghai Daily November 13, 2007)
