Profit Continues Shrinking at Chinese Aluminum Smelters, SMM Reports

Published: Jun 19, 2017 09:52

Save

Profit at aluminum smelters in China has been shrinking steadily of late, mainly as a result of falling aluminum prices.

SHANGHAI, Jun. 19 (SMM) – Profit at aluminum smelters in China has been shrinking steadily of late, mainly as a result of falling aluminum prices.

NBS: China Alumina Output Jumps in May

SMM survey found profit had fallen to 200-400 yuan/tonne last week. The SMM average spot aluminum price slid 114 yuan/tonne on a weekly basis to 13,504 yuan/tonne.

Chalco Cuts Aluminum Prices in Major Markets on June 19

Notably, alumina prices will face downward pressure from recovering supply. Coal prices will remain low in the short term.

There is still room to fall for aluminum costs, SMM expects.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

aluminum prices aluminum cost

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

ADC12 Market Stable with Limited Price Adjustments Amid Aluminum Price Rebound

[SMM Aluminum Alloy Daily Review] ADC12 market overall remained stable today. As aluminum prices rebounded, some enterprises slightly raised their quotes, but most still chose to hold prices steady and wait, with overall price adjustments being limited. Fundamentals side, demand was generally stable with slight fall, constraining upside room; cost side, costs rose due to higher aluminum prices, providing support for prices. In additio

1 hour ago

3 hours ago

【SMM Aluminum Flash News】Guinea Bauxite Transactions: Average $68/dmt for 45/3 Grade (CIF Northern Chinese Ports)

According to SMM market research, on May 19 2026, a spot cargo transaction of Guinean ore was identified, with a grade of around 44, and the average price converted to a 45/3 grade basis was reported at $68/dmt.

3 hours ago

4 hours ago

[SMM Aluminum Flash News] METLEN Approved for EUR 300 Million Gallium Expansion Project in Greece

Greece’s Interministerial Committee for Strategic Investments has approved METLEN Energy & Metals’ EUR 300 million gallium expansion project linked to its existing bauxite mining and alumina refining operations at Aluminum of Greece. The project will also support the expansion of nearby bauxite mines and alumina facilities. Gallium is classified by the EU as a critical raw material used in semiconductors, photovoltaics, AI and defense technologies. METLEN said the investment aims to strengthen Europe’s domestic critical mineral supply chain, reduce import dependence and improve industrial resilience. The project is expected to receive about EUR 118 million in grants and tax incentives.

4 hours ago