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According to the statement from the International Aluminium Institute (IAI), global aluminum outputs were expected to increase due to the growing demands and rising prices in the aluminum market. The global demands to aluminum grew at an average annual rate of 4%, and the global aluminum demands were estimated to reach 70 million tons by 2020.

According to the Chinese CITIC Futures Co.,Ltd, the outlook was optimistic for aluminum consumption in 2018 because the aluminum demand in China market this year was estimated to increase to around 30 million tons which hiked by 2.5% year on year and it was expected to go up to about 3.8 million tons which rose by 7% year on year in other countries.

In addition, it was helpful for increasing the aluminum output due to the rebounded aluminum prices and the relaunched capacity. Consequently, the US’ Alcoa expressed that they were considering the issues of rebooting aluminium oxide capacity.