Aluminum stockpiles surge 30% as growth decelerates

SHANGHAI - Aluminum inventories in China, the largest user, rebounded 30 percent in the past three weeks and analysts expect further increases as physical trading has slowed along with the nation's economic growth.

Stockpiles were about 300,000 metric tons at the end of last week, up from a 2011 low of 230,000 metric tons on Sept 23, said Huang Fulong, head of the research department at Guangzhou KT Commodity Information & Consulting Co, citing the company's own survey.

The group, set up in 2009, was previously a research unit of Guangzhou KCTH Trading Co.