Skip to content
Subscriber Only

Alcoa Sees Almost Decade-Long Aluminum Surplus Ending

Alcoa Inc. forecast global aluminum demand will exceed production this year, predicting an end to an almost decade-long surplus driven by Chinese output that has saddled the industry with lower prices.

Alcoa is among aluminum producers outside of China to have shuttered unprofitable smelters amid a glut of the lightweight metal. The New York-based company yesterday reported better-than-expected first quarter earnings and said it now sees a global supply deficit of 730,000 metric tons. In January it had predicted a 106,000-ton surplus.