Alba of Bahrain Sees Aluminum Demand Rising on Mideast Projects
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Aluminium Bahrain BSC expects demand for the metal to increase this year as Saudi Arabia and other Middle Eastern countries spend more on housing, while sales will also rise in North America.
“The physical demand this year looks healthy,” Chief Executive Officer Tim Murray said today on a conference call. Aluminum prices on the London Metal Exchange may average $2,000 in the first six months of 2013 and rise as high as $2,200 in second half, according to the state-run company known as Alba.