NEW YORK ( TheStreet) -- Aluminum is expected to advance during the fourth quarter on China's resilient demand and improving prospects in the U.S. and eurozone. Aluminum Corp of China (Chalco) (ACH), the country's largest aluminum producer, anticipates global aluminum output to rise 12% to 42.28 million tonnes this year, and consumption to grow by 20% to 41 million tonnes.On the supply side, output in China, the world's largest aluminum producer, may take a hit as increasing electricity and raw material costs temper profit margins. As the country gears up to meet energy-saving standards, three smelters with annual production capacity of 250,000 tonnes have shut capacities, or 2% of China's 2009 output. Smelters may not bring available excess capacity on-stream on the growing pressure to limit power consumption.
Aluminum: Fourth-Quarter Outlook
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