SHANGHAI, Jan. 5 (SMM) – The growth of China’s primary aluminum output slowed for three years in a row in 2015, SMM expects.
SMM attributes the slowdown to partly due to the Chinese government’s control over investment in energy-intensive industries, including aluminum. In addition, low-cost aluminum capacity replaced high-cost capacity at a slower pace as falling aluminum prices left producers in losses and gave no incentive to put new capacity online.
The country’s production of the light metal is expected to grow 10.5% from 2014 to 30.64 million tonnes in 2015, SMM estimates.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.