China Hongqiao: Close Aluminium Plants as per Policies, Keeping Bearish at Price

SHANGHAI, Nov.15 (SMM)－Zhang Bo, CEO of China Hongqiao Group says the company has closed all aluminium plants as per requirement of local government. He says the national plan on output&capacity cuts should base on not only some companies or some projects but various factors including project quality. He keeps bearish at long-term price prospect of aluminium and confident in supply-side reform and demand prospect.

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