SPIC Ningxia to cut aluminium capacity by 50,000 mt in Jan-Shanghai Metals Market

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SPIC Ningxia to cut aluminium capacity by 50,000 mt in Jan

Industry News 11:33:27AM Dec 24, 2018 Source:SMM

SHANGHAI, Dec 24 (SMM) – SPIC Ningxia, an aluminium smelter owned by China State Power Investment Corporation (SPIC) and Ningxia Power Investment Corporation, plans to cut aluminium capacity at its Wuzhong plant by 50,000 mt in January, a source told SMM.

High costs and sluggish prices of aluminium led to the cutbacks. SPIC Ningxia has an overall aluminium capacity by 990,000 mt currently. 

Key Words:  Market commentary   Aluminium 

Price

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Aluminum Ingot
Apr.18
14010.0
40.0
(0.29%)
Alumina (Averaged)
Apr.18
2665.0
19.0
(0.72%)
Alumina-East
Apr.18
2680.0
20.0
(0.75%)
Alumina -Central
Apr.18
2670.0
20.0
(0.75%)
Alumina - North
Apr.18
2660.0
20.0
(0.76%)

SPIC Ningxia to cut aluminium capacity by 50,000 mt in Jan

Industry News 11:33:27AM Dec 24, 2018 Source:SMM

SHANGHAI, Dec 24 (SMM) – SPIC Ningxia, an aluminium smelter owned by China State Power Investment Corporation (SPIC) and Ningxia Power Investment Corporation, plans to cut aluminium capacity at its Wuzhong plant by 50,000 mt in January, a source told SMM.

High costs and sluggish prices of aluminium led to the cutbacks. SPIC Ningxia has an overall aluminium capacity by 990,000 mt currently. 

Key Words:  Market commentary   Aluminium