Chalco Warns of Uncertainties in China Aluminum Market

Published: Aug 10, 2017 11:23 (GMT+8)

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Aluminum market is facing uncertainties due to two factors, according to Chalco’s statement filed to the Shanghai Stock Exchange.

SHANGHAI, Aug. 10 (SMM) – Aluminum market is facing uncertainties due to two factors, according to Chalco’s statement filed to the Shanghai Stock Exchange.

LME Aluminum Hits Over 2-Year High after Higher-than-Expected Cut Rumor at Weiqiao Group, SMM Reports

On the one hand, aluminum industry is benefitting from government policies.

China Aluminum Output to Drop MoM in August as Cuts Outpace New Capacity, SMM Expects

On the other hand, power tariffs may push up costs.

These will lead to big volatility in aluminum market, Chalco explained.

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