NEW YORK ( TheStreet) -- Aluminum overcapacity will evaporate in the coming three years, given the growing demand for the metal. This according to Xiong Weiping, chairman of Aluminum Corporation of China (ACH).â¿¿In the next three years, aluminum demand will increase as the economy grows and aluminum replaces other metals. I expect the 20-30% overcapacity to disappear,â¿ Xiong said. â¿¿China will step up urbanization and will restructure the real estate market, in particular provide more government-subsidized apartments, which will boost aluminum demand.â¿
Aluminum Overcapacity to Disappear: Chalco
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