SOURCE: The Bedford Report

The Bedford Report

March 29, 2011 08:16 ET

Aluminum Demand on the Upswing as Copper Falls Out of Favor

The Bedford Report Provides Analyst Research on Alcoa & Century Aluminum

NEW YORK, NY--(Marketwire - March 29, 2011) - Companies in the Aluminum industry are poised to see their top lines surge this year as continued growth in overseas markets is driving up demand. Emerging markets have been a huge source of revenue as populations and economies in China, Brazil and Russia markets have become richer leading to higher levels of building. In addition, copper's spike in price this year is leading a switch among manufacturers to aluminum as it is cheaper also able to conduct electricity. The Bedford Report examines the outlook for companies in the Aluminum industry and provides research reports on Alcoa, Inc. (NYSE: AA) and Century Aluminum Co. (NASDAQ: CENX). Access to the full company reports can be found at:

Chris Burns, North American engineering director with US automotive parts supplier Delphi, explains that "with copper being at historic levels, there has been global interest in going to aluminum cables in cars." Currently the difference between the prices of copper and aluminum is enough to pay for the extra aluminum it takes to conduct the same amount of electricity as copper as well as cover the costs of retooling some manufacturing processes.

The Bedford Report releases regular market updates on the aluminum industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Industry heavyweight Alcoa estimates that if copper prices keep rising, aluminum could end up being substituted for 20 percent of the global 19 million metric ton annual refined copper market. Alcoa is currently taking steps into the auto industry and is developing aluminum alloys and coatings to improve its performance in conducting electricity.

In its most recent earnings announcement, Alcoa's Chief Executive Klaus Kleinfeld raised his projection of the growth rate for global aluminum demand to 12 percent. China's aluminum demand is expected to grow by approximately 15 percent in 2011 after skyrocketing more than 20 percent last year.

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