17 JULY 2015www./in.reuters.com
China aluminium output at record again
Edited by : AL CIRCLE
1 min read
China's production of aluminiumr rose 3.3 percent from the previous month in June.
New capacity continued to drive up production of primary aluminium to a fresh record of 2.76 million tons in June.
In the first half, aluminium output jumped 11.7 percent from a year ago to 15.6 million tonnes.
More than 2 million tonnes of aluminium capacity started production in the first half, said Xu Hongping, analyst at China Merchants Futures. Another 3 million tonnes of new capacity is likely to come onstream in the second half, she said.
Production costs to many aluminium smelters had fallen due to weak prices of raw material alumina and coal, offsetting weak domestic prices AL-A00-CCNMM, Xu said.
Xu expects aluminium production to rise further in the coming months.
New capacity continued to drive up production of primary aluminium to a fresh record of 2.76 million tons in June.
In the first half, aluminium output jumped 11.7 percent from a year ago to 15.6 million tonnes.
More than 2 million tonnes of aluminium capacity started production in the first half, said Xu Hongping, analyst at China Merchants Futures. Another 3 million tonnes of new capacity is likely to come onstream in the second half, she said.
Production costs to many aluminium smelters had fallen due to weak prices of raw material alumina and coal, offsetting weak domestic prices AL-A00-CCNMM, Xu said.
Xu expects aluminium production to rise further in the coming months.
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