China's Demand for Aluminum Continues to Grow
Paragon Report Provides Stock Research on Kaiser Aluminum Corp. and Noranda Aluminum Holding Corp.
NEW YORK, NY, Apr 13, 2012 (Menafn - MARKETWIRE via COMTEX) --The Aluminum Industry has struggled over the past year as droppingprices have cut into companies' profits. Prices for the metal havedropped over 23 percent in the past year, but prices are predicted torebound as China's aluminum demand continues to grow. The ParagonReport examines investing opportunities in the Aluminum Industry andprovides equity research on Kaiser Aluminum Corp. KALU andNoranda Aluminum Holding Corporation NOR. Access to fullreports can be found at:
China currently makes up roughly 40 percent of the world'sconsumption of aluminum. According to Novelis Inc., the world'slargest user of the metal, demand in China is expected to grow onaverage 8 to 10 percent a year for the next five years. "One wouldexpect 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. "Theeconomy in China, all things considered, we still see as solid andstable," Martens said. "Within China, the basic drivers of the use ofaluminum are going to continue."
Paragon Report releases regular market updates on the AluminumIndustry so investors can stay ahead of the crowd and make the bestinvestment decisions to maximize their returns. Take a few minutes toregister with us free at www.ParagonReport.com and get exclusiveaccess to our numerous stock reports and industry newsletters.
Kaiser Aluminum Corporation announced that it plans to release itsfirst quarter 2012 financial and operating results on Wednesday,April 25, 2012 after the market closes. The Company will host itsquarterly conference call on Thursday, April 26, 2012.
Noranda Aluminum Holding Corporation will announce financial resultsfor first quarter 2012 in a news release before the NYSE opens onApril 25, 2012. Management will review those results during aconference call at 10:00 a.m. Eastern Time on April 25, 2012,followed by a question-and-answer session.
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SOURCE: Paragon Financial Limited
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