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
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