Operating Aluminium Capacity In China To Grow To 40.9 Million mt By The End Of May

Published: May 29, 2023 18:06

Source: SMM

Save

SHANGHAI, May 29 (SMM) – A small amount of aluminium capacity in Guizhou was resumed last week. One smelter in Guizhou has basically completed shutdown of 50,000 mt of capacity.

SHANGHAI, May 29 (SMM) – A small amount of aluminium capacity in Guizhou was resumed last week. One smelter in Guizhou has basically completed shutdown of 50,000 mt of capacity. The domestic operating aluminium capacity is estimated to grow to around 40.9 million mt by the end of May. The hydropower supply in Yunnan remains tight, thus local smelters are unable to resume production for the time being. The share of molten aluminium output of smelters may decline in May due to output cuts by molten aluminium processing enterprises.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

32 mins ago

Arctial Targets 610,000 Tonnes Annual Aluminium Production by 2027

[SMM Aluminum Express News] Arctial said its planned project targets annual aluminium production of ~610,000 tonnes, with a final investment decision (FID) expected in 2027, according to Chief Commercial Officer Maxime Vandersmissen.

32 mins ago

41 mins ago

Odisha Mining Corp to Boost Bauxite Output at Kodingamali Mines Amid Strong Alumina Demand

[SMM Aluminum Express News] Odisha Mining Corporation plans to expand bauxite production at its Kodingamali mines in Odisha from 3.6 Mtpa to 6 Mtpa, reflecting strong long-term demand from the alumina and aluminium sector.

41 mins ago

1 hour ago

Ex-China Supply Disruptions Combined with Macro Recovery Strengthen Aluminum Price Rise Momentum [SMM Aluminum Morning Meeting Minutes]

[Ex-China Supply Disruptions Combined with Macro Recovery Strengthen Upside Momentum for Aluminum Prices] The risk of ex-China aluminum supply disruptions has not yet subsided, and the ex-China aluminum ingot supply-demand gap will continue to provide support for aluminum prices. Meanwhile, tightened invoicing has restricted aluminum ingot spot liquidity, and a weakening spot market will limit upside room for domestic aluminum prices. However, since April, China's export orders have remained positive, and combined with recent macro tailwinds, a turning point in China's social inventory is expected to emerge, boosting upside momentum for aluminum prices.

1 hour ago