March 23, 2012 at 08:20 AM EDT
China Growth Concerns Weigh on Aluminum Industry
Five Star Equities Provides Equity Research on Century Aluminum & Aluminum Corporation of China

NEW YORK, NY -- (Marketwire) -- 03/23/12 -- Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products, The Associated Press reports. Over the last month, the Global X Aluminum ETF (ALUM) has fallen roughly 7.36 percent. Five Star Equities examines the outlook for companies in the Aluminum industry and provides equity research on Century Aluminum Co. (NASDAQ: CENX) and Aluminum Corporation of China Limited (NYSE: ACH). Access to the full company reports can be found at:

www.fivestarequities.com/CENX

www.fivestarequities.com/ACH

China last week reported its biggest trade deficit in at least 22 years as government data also showed the world's second-largest economy had the weakest January-February factory-production gain since 2009. "China is the biggest consumer of most commodities and any change in growth forecast of the country will have a bearing worldwide," said Bikash Bhalotia, a metals and mining analyst at PINC Research in Mumbai.

Australia's Bureau of Resources and Energy Economics recently forecast that alumina may average $339 a metric ton this year -- 12 percent less than in 2011, as world aluminum production slows.

Five Star Equities 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 www.fivestarequities.com and get exclusive access to our numerous stock reports and industry newsletters.

Not all of the aluminum industry remains downbeat, however. Alcoa, the largest U.S. aluminum producer, forecast 7 percent growth in global aluminum demand this year and said cutbacks in production will result in a global supply deficit of 600,000 tons in 2012.

Aluminum Corporation of China Limited engages in the manufacture and distribution of alumina, primary aluminum, and aluminum fabrication products in the People's Republic of China and internationally. The company recently reported that its earnings fell 69.4% in 2011 because of higher financing costs in a tight domestic policy environment, a heavier debt burden, and higher fuel and raw-material costs.

China's aluminum industry is likely to grow at its slowest rate in more than three years in 2012, with consumption likely to rise just 5%-10%, the top executives of Chinese nonferrous metal producers said earlier this month.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
www.fivestarequities.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:

Five Star Equities

Email Contact

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here