China Has 20-30 pct Surplus Aluminium Capacity -Chalco-Shanghai Metals Market

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China Has 20-30 pct Surplus Aluminium Capacity -Chalco

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

DALIAN, Sept 11 -- China currently has 20-30 percent excess production capacity of both primary aluminium and alumina, Xiong Weiping, the chairman of China's top aluminium firm Chalco (2600.HK: Quote) said on Friday.

    He said the surplus would not last forever, but its duration would depend on the pace of economic growth.

    Xiong also said that Chalco's parent firm, state-owned metals conglomerate Chinalco, would continue unswervingly on its strategy of becoming an international multi-metals firm.

    (Source: Reuters)

 

China Has 20-30 pct Surplus Aluminium Capacity -Chalco

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

DALIAN, Sept 11 -- China currently has 20-30 percent excess production capacity of both primary aluminium and alumina, Xiong Weiping, the chairman of China's top aluminium firm Chalco (2600.HK: Quote) said on Friday.

    He said the surplus would not last forever, but its duration would depend on the pace of economic growth.

    Xiong also said that Chalco's parent firm, state-owned metals conglomerate Chinalco, would continue unswervingly on its strategy of becoming an international multi-metals firm.

    (Source: Reuters)