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Alcoa reaffirms 2013 global aluminum demand growth forecast of 7%

Alcoa continues to project 7% global aluminum demand growth in 2013 and essentially balanced alumina and aluminum markets. However, the company sees a slightly tighter market as supply contracts. The company reduced its surplus projection for aluminum from 535,000 metric tons in the fourth quarter to 155,000 metric tons this quarter, driven by curtailments.