Weiqiao Group Seeking Buyer for Surplus Alumina after Illegal Aluminum Capacity Closure, SMM Says

Published: Aug 8, 2017 16:16

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Weiqiao Group is seeking buyers for its surplus alumina since it and Xinfa Group were ordered to close illegal aluminum capacity, SMM found.

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.

China to Forbid Coal-Fired Captive Power Plant Construction

SMM expects alumina prices to continue falling in the near term.

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Weiqiao Group Xinfa Group china aluminum capacity

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