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