SHANGHAI, Jul. 3 (SMM) – SHFE aluminum shot up this morning following news on massive aluminum output cut at Xinjiang East Hope Nonferrous Metals Co.
Aluminum Prices to Run Out of Steam This Week, SMM Predicts
The company shut down 33 electrolytic cells on July 1 and future cuts are still uncertain.
SMM will closely track the latest development surrounding production cuts at the company.
SMM: Worries Overdone Over Aluminum Output Curbs during Winter Heating Season
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