Eivind Kallevik, Hydro’s recently appointed chief financial offer says that world aluminium demand growth, excluding China, will be in the region of three to four per cent in 2013.

The USA’s largest aluminum producer, Alcoa, believes global demand growth will grow to seven per cent following a fourth quarter net profit of $242 million. The US light metal giant attributed its success to China’s economic recovery and a corresponding drive in demand for more office buildings, cars and beverage cans.

Hydro will report its fourth-quarter results on 12 Feb, but Kallevik is not expecting a quick improvement.