SHANGHAI, Jun. 27 (SMM) – China’s secondary aluminum industry is benefitting from supply side reform, economic restructuring and improved demand, the China Non-Ferrous Metals Industry Association (CNIA) noted.
Secondary aluminum output reached 6.3 million tonnes in 2016 and will hit 3.35 million tonnes in H1 2017, the CNIA predicted. Many SMEs shut down amid environmental protection checks.
SMM Breaking News: Let’s Calm Down and Turn Back to Aluminum Industry Chain Itself
Profit improved at secondary aluminum producers thanks to rising secondary aluminum alloy prices and falling aluminum scrap prices in H1 2017. Many large producers ran at full capacity.
SMM Sees Aluminum Prices Trapped in Recent Range
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