Metals News
Chinese Alumina Enterprises to Jointly Cut Production
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI May.25 (CBI China):Several large alumina mills, accounting for 40% of China’s total production, met again in Henan Province and agreed on a joint production cut in order to maintain prices at RMB 3,900/mt. Some traders had previously lowered prices due to surplus supply.

    CBI believes the joint production cut efforts may not work as Chalco, producing 50% of China’s total production, was not involved in the production-cut decision or campaign. Alumina market prices should decrease eventually as production costs are now below RMB 2,000/mt.

Aluminum Al
CBI China CBMB
production cut suspension
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