China's Demand for Aluminum Continues to Grow
Paragon Report Provides Stock Research on Kaiser Aluminum Corp. and Noranda Aluminum Holding Corp.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 04/13/12 -- The Aluminum Industry has struggled over the past year as dropping prices have cut into companies' profits. Prices for the metal have dropped over 23 percent in the past year, but prices are predicted to rebound as China's aluminum demand continues to grow. The Paragon Report examines investing opportunities in the Aluminum Industry and provides equity research on Kaiser Aluminum Corp. (NASDAQ: KALU) and Noranda Aluminum Holding Corporation (NYSE: NOR). Access to full reports can be found at:
China currently makes up roughly 40 percent of the world's consumption of aluminum. According to Novelis Inc., the world's largest user of the metal, demand in China is expected to grow on average 8 to 10 percent a year for the next five years. "One would expect the demand in China and Asia to drive up the aluminum price, given the scarcity of aluminum that's available to the market," Philip Martens, CEO of Novelis Inc., said in an interview. "The economy in China, all things considered, we still see as solid and stable," Martens said. "Within China, the basic drivers of the use of aluminum are going to continue."
Paragon Report releases regular market updates on the Aluminum Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Kaiser Aluminum Corporation announced that it plans to release its first quarter 2012 financial and operating results on Wednesday, April 25, 2012 after the market closes. The Company will host its quarterly conference call on Thursday, April 26, 2012.
Noranda Aluminum Holding Corporation will announce financial results for first quarter 2012 in a news release before the NYSE opens on April 25, 2012. Management will review those results during a conference call at 10:00 a.m. Eastern Time on April 25, 2012, followed by a question-and-answer session.
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Datum: 13.04.2012 - 12:20 Uhr
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