Chinese Aluminum Smelters Reap Huge Profit, SMM Says

Published: Aug 14, 2017 10:46

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Aluminum smelters in China are enjoying very high profit following big gains in aluminum prices, SMM finds.

SHANGHAI, Aug. 14 (SMM) –Aluminum smelters in China are enjoying very high profit following big gains in aluminum prices, SMM finds.

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The SMM average spot aluminum price surged another 1,160 yuan/tonne on a weekly basis to 15,462 yuan/tonne in the week ending August 11. This expanded profit further to above 2,500 yuan/tonne at domestic aluminum smelters.

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Overall, aluminum costs were largely stable.

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