Aluminum to Remain in Upward Track if China Intensifies Capacity Cuts and Environmental Crackdowns, SMM Says

Published: Sep 4, 2017 10:06

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Aluminum prices will remain in upward track if China steps up capacity cuts and environmental crackdowns, SMM expects.

SHANGHAI, Sept. 4 (SMM) – Aluminum prices will remain in upward track if China steps up capacity cuts and environmental crackdowns, SMM expects.

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Growing environmental pressure has forced many smelters in Henan and Shandong, among other regions, to close. This drove aluminum prices up. Those in Henan advanced from 14,000 yuan/tonne to 16,000 yuan/tonne.

China Aluminum Stocks Refresh Nearly 10-Year High, SMM Says

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Aluminum prices

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