Chinese Aluminum Smelters Reap Huge Profit, SMM Says

SHANGHAI, Aug. 14 (SMM) –Aluminum smelters in China are enjoying very high profit following big gains in aluminum prices, SMM finds. 

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The SMM average spot aluminum price surged another 1,160 yuan/tonne on a weekly basis to 15,462 yuan/tonne in the week ending August 11. This expanded profit further to above 2,500 yuan/tonne at domestic aluminum smelters.

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Overall, aluminum costs were largely stable.

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