China Aluminium: China being Considering to Cut down Aluminium Output

Published: Nov 16, 2017 17:07

Save

Chen Xuesen, vice director of strategic development Dept. of China Aluminum, says on a seminar in Fuzhou, Chinese government is researching on detailed measures to keep cutting down aluminium output.

SHANGHAI, Nov.16 (SMM)－Chen Xuesen, vice director of strategic development Dept. of China Aluminum, says on a seminar in Fuzhou, Chinese government is researching on detailed measures to keep cutting down aluminium output. China has approved 44 million tonnes capacity this year. But in 2020, China’s domestic aluminium demand will keep at 42 million tonnes. Hence current capacity is able to meet that demand.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 mins ago

New Section 301 Tariffs Strike, Limited Upside Room for Aluminum Prices in the Short Term [SMM Aluminum Morning Meeting Minutes]

[New 301 Tariffs Strike, Limited Upside Room for Aluminum Prices in the Short Term] Overall forecast: recently macro front sentiment has slightly improved, with sustained geopolitical risk premium in the Middle East and China’s continued destocking of aluminum ingots jointly supporting aluminum prices. However, the continuous addition of long-term aluminum capacity outside China, weak traditional end-use demand in China, coupled with repeated macro perspective uncertainties, put obvious pressure on the upside room for aluminum prices, and in the short term, aluminum prices will maintain a consolidation pattern.

7 mins ago

17 mins ago

Indonesia Alumina Shipment Detained Over Rare Earth Elements, Market Seeks Regulatory Clarity

[SMM Aluminum Express News] Indonesia's alumina market is facing growing uncertainty after an alumina shipment was reportedly detained by customs due to the presence of rare earth elements (REEs) in the material. The incident has raised questions over the interpretation and implementation of Indonesia's export regulations for processed mineral products containing REEs, with market participants seeking clarification from authorities on whether trace rare earth content could affect alumina export eligibility.

17 mins ago

18 mins ago

Alumina Grinds Lower on Shrinking Volume, Breaking Below Short-Term Moving Averages; Spot Alumina in the Doldrums; Prices Outside China Continue to Strengthen [SMM Alumina Morning Comment]

18 mins ago