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Home / Metal News / Primary aluminium capacity cuts to exceed 2 million mt in 2018

Primary aluminium capacity cuts to exceed 2 million mt in 2018

Nov 19, 2018 17:34

Source:SMM

Weak aluminium prices and high costs kept aluminium producers running in losses

SHANGHAI, Nov 19 (SMM) – Primary aluminium capacity cuts expanded sharply in the second half of 2018 as weak aluminium prices and high costs kept aluminium producers running in losses. Cuts for the year are likely to exceed 2 million mt.

A total of 1.98 million mt of primary aluminium capacity across 15 plants has been cut, or will be cut, this year, showed SMM research as of November 19. The second half of the year saw cuts of 1.81 million mt.

Production data

Aluminium

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Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

Oct 14, 2021 17:09

Industry

Tianshan Aluminum: Net profit in the First Three Quarters to Up 163.5%, the Average Price of Aluminium Ingots Up 35% YoY

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Jul 29, 2021 09:55

SMM Comments

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

Jul 13, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

China weekly inventory summary and data wrap (Jul 9)

This is a roundup of China's metals weekly inventory as of July 9.

Jul 9, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 9)

Daily crude steel output at CISA key mills rose 2.88% in early April

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.27 million mt per day in the first ten days of April, up 2.88% from late March and up 16.86% from the same period a year ago.

Apr 21, 2021 10:20

Analysis

Daily crude steel output at CISA key mills rose 2.88% in early April

Daily crude steel output at CISA key mills dipped 0.04% in mid-December

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.14 million mt per day in the second 10 days of December, down 0.04% from early December and up 13.49% from the same period a year ago.

Dec 28, 2020 10:00

Analysis

Daily crude steel output at CISA key mills dipped 0.04% in mid-December

China’s cobalt sulphate production rebounded 94% in March

China produced about 3,500 mt in metal content of cobalt sulphate in March, 94% higher on the month, showed SMM data, as cobalt salt producers resumed 70-80% of their capacity last month amid a slowdown in the spread of the coronavirus in China.

Apr 15, 2020 11:40

Analysis

China’s cobalt sulphate production rebounded 94% in March

Scheduled rebar production roughly flat in April as maintenance offsets output increase

Planned output of construction steel rebar across China’s major blast furnace steelmakers in April stood roughly flat from the actual production in March, as the impact of maintenance may offset the increase in output driven by higher profits.

Apr 13, 2020 14:41

Analysis

Scheduled rebar production roughly flat in April as maintenance offsets output increase

SMM Evening Comments (Sep 12)

SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw

Sep 12, 2019 18:39

SMM Comments

China's refined tin production grows 1.4% in Aug

Smelters in Jiangxi minimally received the impact of environmental curbs, which prevented a significant decline in local output

Sep 10, 2019 14:38

Analysis

China's refined tin production grows 1.4% in Aug

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Primary aluminium capacity cuts to exceed 2 million mt in 2018

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Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025