SHANGHAI, Aug. 8 (SMM) –Weiqiao Group is seeking buyers for its surplus alumina since it and Xinfa Group were ordered to close illegal aluminum capacity, SMM found.
Aluminum Still Has Room to Rise on New Reason for Longs to Jump in, SMM Expects
Because of output cuts at these top two aluminum smelters in Shandong, local alumina market was flooded, sending alumina prices down 20 yuan/tonne last week.
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SMM expects alumina prices to continue falling in the near term.
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