SOURCE: The Bedford Report

The Bedford Report

October 12, 2010 08:46 ET

Demand in China Drives Aluminum Industry Profits Higher

The Bedford Report Provides Analyst Research on Aluminum Corporation of China and Century Aluminum

NEW YORK, NY--(Marketwire - October 12, 2010) - The Aluminum Industry has begun to show signs of stability in recent months. One of the fundamental factors for the turnaround in the aluminum industry has been the continued production discipline demonstrated by China. From 2002 to 2008, China had been a net exporter of aluminum, but has since become a net importer. In fact, The Chinese Government recently announced that restrictions on power that will come into place in an attempt to rein in energy consumption, may also impact the market well. Aluminum plants use a massive amount of energy, and once the power cuts come into effect, the plants are expected to be limited in their ability to produce. The Bedford Report examines the outlook for companies in the Aluminum industry and provides research reports on Aluminum Corporation of China (NYSE: ACH) and Century Aluminum Co. (NASDAQ: CENX). Access to the full company reports can be found at:

Based on the Chinese Government's measures to control property market growth, and once again become a net importer of aluminum, Aluminum Corp of China has seen a drop in domestic demand. According to recent reports by Reuters, Aluminum Corporation of China, one of the largest players in the Aluminum Industry based on market capitalization, is attempting to diversify its operations by buying into coal, rare earth, copper and iron ore assets.

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 for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Aluminum stocks were up across the board last Friday after industry giant Alcoa reported its much anticipated third quarter earnings. In its earnings call, the company raised its 2010 global consumption forecast to a 13 per cent increase due to higher demand in China, Brazil and India. Investors will be watching closely on October 26th when Century Aluminum reports their third quarter earnings. In the second quarter, CENX swung to a net profit of $5.1 million, or 5 cents per share, compared with a loss of $107.1 million, or $1.45 per share, in the year ago period.

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