Bloomberg News

China Scrap Demand Outpacing Supply to Lift Prices, Harbor Says

June 13, 2012

China’s demand for scrap aluminum will continue to outpace domestic supply, keeping the global market for the metal tight and supporting prices, said Gerardo Solorio, an analyst at Harbor Intelligence.

Supply tightness is being exacerbated by growth in the North American automotive industry, which is making up for “sluggishness” in Chinese car production, Solorio said today at a conference in Chicago hosted by Harbor.

To contact the reporter on this story: Joe Richter in New York at jrichter1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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