SMM Daily Review (Nov. 2)

SHANGHAI, Nov. 3 -- China's Shanxi Guanlu (000831.SZ: Quote) said on Tuesday it had restarted an 40,000 tonne aluminium production line, as the market improves and aluminium prices rise.
&nbsp;&nbsp;&nbsp; The company shut down the production line, which accounts for 36.4 percent of its total production capacity, in January when the aluminium market was hit by the international financial crisis.
&nbsp;&nbsp;&nbsp; The company has 110,000 tonnes of primary aluminium capacity.
&nbsp;&nbsp;&nbsp; The restarted production line is expected to produce 7,300 tonnes of aluminium in 2009, the company said in a statement filed to the Shenzhen Stock Exchange.
&nbsp;&nbsp;&nbsp; Three-month aluminium futures contracts on the London Metal Exchange MAL3 have risen 25 percent so far this year, but still lag a strong rally in copper that doubled prices.
&nbsp;&nbsp;&nbsp; (Source: Reuters)