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Various sources are reporting both a slowing in demand growth and a fall in output for primary aluminum. So far this year, that combination has been led by a faster fall in output, pushing the market into a larger deficit position as the first half progressed.
Reuters reported the results of a poll showing a forecast for a global aluminum deficit of 550,000 metric tons this year - down from an earlier estimate of 868,240 tons - as demand growth has recently slowed.