SHANGHAI, Jul. 21 (SMM) –Alumina supply & demand balance in China will depend on how much more aluminum capacity will be closed for the rest of the year, SMM understands.
New aluminum capacity nationwide will exceed 2 million tonnes in H2 2017, excluding Weiqiao Group, while new alumina capacity will be 1.8 million tonnes, also excluding Weiqiao Group, SMM estimates.
Over 400,000 tonnes of illegal aluminum capacity has shut down. It’s still uncertain how far the Chinese government will go in weeding out illegal aluminum capacity.
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