Attend the CRU, according to on May 17, sponsored by the global aluminum industry conference in London, said while inventories at record highs, but aluminum demand remains strong, over the next few years the metals in the automotive and aerospace applications, the demand will further enhance.

To reduce the product weight, automotive and aerospace industries are increasingly using aluminum instead of steel and copper.

Alcoa (AlcoaInc., AA) TimReyes material management department chief, said the market demand is very telling. Alcoa is a big investment, expansion of rolling and processing facilities, but at the same time, considering the global aluminum oversupply, the company is making cuts in aluminium production capacity. AlerisInternationalInc aluminum rolled products. And India HindalcoIndustriesLtd aluminum smelting and processing enterprises. The downstream is also investing in production capacity to meet market demand, is expected in the next decade, car plate in areas such as aluminium demand will grow eight times.

CRU predicts that, driven by demand in China over the next three or four years, the global aluminum consumption will maintain 6% annual growth rate at present. Global aluminum consumption grew by 5% in 2012, the total consumption of 47.26 million tons. In some aluminum production enterprises because of falling prices and cut production, demand growth will helps to digest the stock up to 12 million tonnes of the world.