Goldman Sachs Group Inc said that global aluminum production cutbacks may equal 4% of capacity, resulting in 2% of aluminum output lost for 2012.

Mr Max Layton an analyst at Goldman said that “With production forecast to exceed demand by 800,000 tonnes, the buffer for further disruptions and curtailments has disappeared. Copper appears to be close to balance even after European demand dropped in the fourth quarter.”

(Sourced from Bloomberg)