Potential Surplus from Aluminum Capacity Cuts to Weigh on Alumina Prices, SMM Warns

Published: Jul 17, 2017 16:17

Save

Massive aluminum capacity cuts might trigger oversupply in alumina market in the short term and thus put downward pressure on alumina prices, SMM expects.

SHANGHAI, Jul. 17 (SMM) – Massive aluminum capacity cuts might trigger oversupply in alumina market in the short term and thus put downward pressure on alumina prices, SMM expects.

Tug-of-War between Australian Alumina Suppliers and Chinese Buyers, SMM Reports

Weiqiao Group cut aluminum capacity by 480,000 tonnes last week, and it is said Shandong will slash aluminum capacity by 2 million tonnes. The government may take a tougher attitude toward capacity cuts than expected, boding ill for alumina market, SMM explained.

Profit Expands Sharply at Chinese Aluminum Smelters, SMM Says

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

Alumina prices

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 for 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

25 mins ago

Futures Extend Gains, Spot Aluminum Weakens Under Pressure [SMM South China Aluminum Spot Daily Review]

25 mins ago

44 mins ago

[SMM Aluminum Flash News] TOMRA Expands AUTOSORT™ PULSE to Stainless Steel, Heavy Metals and Magnesium Recycling

TOMRA Recycling has expanded the application of its AUTOSORT™ PULSE Dynamic LIBS sorting system beyond aluminium alloy separation to include stainless steel, heavy metals, magnesium and incinerator bottom ash (IBA). The system can sort 6xxx aluminium alloys, stainless steel grades such as 304 and 316, as well as copper, brass and zinc, enabling recyclers to process multiple material streams with one platform while improving recovery efficiency and operational flexibility.

44 mins ago

45 mins ago

[SMM Aluminum Flash News] India's Aluminum Association Urges Higher Tariffs and Stricter Scrap Import Standards

The Aluminum Association of India (AAI) has urged the government to raise import duties, introduce aluminum scrap quality standards and implement grade-based HSN codes to curb low-quality scrap imports. AAI said India's aluminum imports reached a record 3.479 million tonnes in FY26, with aluminum scrap imports costing over INR 402 billion, posing risks to domestic investment, recycling development and the country's aluminum industry.

45 mins ago