SHANGHAI, Aug. 26 (SMM) – Aluminum supply in China’s four major regions (Shanghai, Wuxi, Nanhai and Hangzhou) may begin growing again in September as smelters are restarting idled capacity and putting new capacity on stream, Shanghai Metals Market foresees.
SMM estimates that 745,000-tpy, or 36.3% of the total capacity idled during the first half of the year, will have been put back into service by the end of September. Capacity resumption began in early June with the introduction of preferential power tariffs and a rally in aluminum prices.
An additional 1.19 million-tpy new aluminum capacity entered operations January-July, and another 2.55 million-tpy is slated for commissioning later this year.
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