SHANGHAI, Aug. 7 (SMM) – SHFE aluminum prices soared this morning as speculative capital poured in following release of Program for Off-Peak Production during Winter Heating Season by Hebei Province.
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SMM sees no impact on aluminum and alumina production since there are no aluminum smelters and alumina refineries in operation in the province at present.
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However, market sees the program by Hebei as a signal that there is growing possibility for other regions to control aluminum and alumina production for environmental reason.
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