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Home / Metal News / Is Chinese Economic Slowdown Really behind Tumbling Global Aluminum Prices?

Is Chinese Economic Slowdown Really behind Tumbling Global Aluminum Prices?

Sep 14, 2015 09:42

Source:SMM

Some have blamed China’s economic slowdown for slump in global aluminum prices, which have fallen to the lowest since July 2009.

SHANGHAI, Sept. 14 (SMM) –Some have blamed China’s economic slowdown for slump in global aluminum prices, which have fallen to the lowest since July 2009. Is that really so?

Rusal’s Deputy CEO Oleg Mukhamedshin held a different opinion, arguing that supply glut is the true culprit behind lower aluminum prices.

In fact, demand for the light metal remains strong, Oleg Mukhamedshin said in an interview with finance.qq.com.

The biggest issue facing the industry is the entry of new market players, which exacerbates already oversupplied market, Oleg Mukhamedshin added.

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