SYDNEY, Australia -- Australian aluminum producer Alumina Ltd. said Monday it expects growth in world demand for aluminum to double by 2020, providing opportunity for it and partner Alcoa Inc. of the U.S. to expand capacity of their global AWAC joint venture.
"When we look forward, we expect that global growth in consumption of aluminum will double by 2020. Much of that will come from emerging economies, particularly China," Alumina Chief Executive John Marlay told CNBC Asia cable television.
Alumina and Alcoa operate Alcoa World Alumina & Chemicals, or AWAC, a global joint venture that is 40 percent owned by Alumina and 60 percent by Alcoa.
AWAC's alumina refineries in the U.S., Brazil, Suriname, Jamaica, Spain and Australia represent about 25 percent of world alumina production capacity, according to Alumina's Web site.
Last month, New York-based Alcoa offered US$27 billion (euro20.1 billion) for Alcan Inc., but the Canadian aluminum producer has been trying to fend it off.
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