LME Aluminum to Strengthen (2017-7-4)

Northern India OEM buying-price expectations weigh on Delhi, while stronger restocking supports Mumbai prices; Japan offers increase

[SMM Aluminum Price Weekly Review: Continued destocking in China and peak-season demand recovery are expected to keep aluminum prices consolidating at highs with an upward bias next week]

The 100,000-ton aluminum product processing expansion project of Hubei Nangui Equipment Manufacturing Co., Ltd. is accelerating its construction progress, with equipment installation reaching 80% completion and some equipment already on-site for commissioning and trial operation. The expansion project has a total investment of 500 million yuan and will construct 20 photovoltaic aluminum profile production lines, 10 fully automated photovoltaic frame production lines, and 1 aluminum profile surface treatment production line, with a designed annual output of 100,000 tons of aluminum products.