19 JANUARY 2016www.miningweekly.com
China alumina refineries slash 9.1 mt/y capacity since Nov 2015
Edited by : AL CIRCLE
1 min read
Large alumina refineries in China have begun to slash output due to rock bottom prices of aluminium, which has 80% of the country's domestic alumina industry operating with negative cashflow, state-backed research house Antaike said on Friday.
"Domestic alumina refineries have halted 9.10-million tonnes per year capacity... around 2.30-million tonnes per year alumina capacity will be closed in the near term," Antaike said in a release.
Most of the product cut happened in the high-cost regions of Shandong and Henan, it said. China is the world's biggest producer of glut-stricken aluminium.
"Domestic alumina refineries have halted 9.10-million tonnes per year capacity... around 2.30-million tonnes per year alumina capacity will be closed in the near term," Antaike said in a release.
Most of the product cut happened in the high-cost regions of Shandong and Henan, it said. China is the world's biggest producer of glut-stricken aluminium.
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