Back in 2004, Alcan put together a slide show on China’s role in the aluminum industry. It included this chart, showing Chinese aluminum consumption from 1960 onwards, and anticipating a rise of 82% between 2004 and 2010, to 7.3 kg per capita:
Today, Barclays released its 2008 Equity Gilt Study, which has lots of interesting information, including this chart, of per-capita Chinese aluminum consumption from 1960 onwards. Has it reached 7.3 kg yet? Well, yes, it’s reached double that.
Sometimes, I guess, bullish just isn’t bullish enough.