05 JANUARY 2016Shanghai Metal Market
China aluminium output growth slows for three consecutive years in 2015
Edited by : AL CIRCLE
1 min read
The growth of China’s primary aluminium output slowed for three years in a row in 2015, SMM expects.
SMM attributes the slowdown to partly due to the Chinese government’s control over investment in energy-intensive industries, including aluminium. In addition, low-cost aluminium capacity replaced high-cost capacity at a slower pace as falling aluminium prices left producers in losses and gave no incentive to put new capacity online.
The country’s production of the light metal is expected to grow 10.5% from 2014 to 30.64 million tonnes in 2015, SMM estimates.
SMM attributes the slowdown to partly due to the Chinese government’s control over investment in energy-intensive industries, including aluminium. In addition, low-cost aluminium capacity replaced high-cost capacity at a slower pace as falling aluminium prices left producers in losses and gave no incentive to put new capacity online.
The country’s production of the light metal is expected to grow 10.5% from 2014 to 30.64 million tonnes in 2015, SMM estimates.
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