Demand for aluminum in the United States and Canada rose by 7.5% in the first quarter compared with the same period last year, according to preliminary data from the Aluminum Association.
Shipments of aluminum by domestic aluminum producers and aluminum imports were estimated at 5.8 million pounds. Demand for semi-fabricated aluminum (mill) products increased 7.9% to 3.8 million pounds in the same comparison.
The growth in demand for aluminum is indicative of the trend towards light-weighting in the automotive and electrical sectors. While most other markets are holding steady or starting to look up.
Electrical wire and cable used in building applications and electrical transmission increased 28.8% in the first quarter of 2012.
Excerpts from American Metal Market June 8, 2012
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