Analysts predict spike in aerospace plate use
Jul 17, 2013 | 01:59 PM
| Michael Cowden
CHICAGO Aerospace aluminum plate demand is expected to surge in coming years as aircraft manufacturers make more and bigger planes and aluminum-lithium alloys gain traction in the market, according to a recent analyst report on the sector.
The potential growth should significantly boost prices, increase mill capacity utilization rates and encourage aluminum companies to add new capacity, Davenport & Co. LLC analysts Lloyd T. OCarroll and John F. Ockerman said in a recent research note.
"Rising aluminum demand for aerospace aluminum plate should outpace planned increases in supply, pushing the industrys effective utilization rate to its highest level since 06, a time when prices spiked and OEMs (original equipment manufactures) pressured mills to add capacity," OCarroll and Ockerman wrote in the July 15 note.....
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