SHANGHAI, Jul. 21 (SMM) –Alumina supply & demand balance in China will depend on how much more aluminum capacity will be closed for the rest of the year, SMM understands.
Potential Surplus from Aluminum Capacity Cuts to Weigh on Alumina Prices, SMM Warns
New aluminum capacity nationwide will exceed 2 million tonnes in H2 2017, excluding Weiqiao Group, while new alumina capacity will be 1.8 million tonnes, also excluding Weiqiao Group, SMM estimates.
Shandong to Lose Crown as China’s Only Bauxite Importing Province After 2017, SMM Predicts
Over 400,000 tonnes of illegal aluminum capacity has shut down. It’s still uncertain how far the Chinese government will go in weeding out illegal aluminum capacity.
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