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China H2 Aluminum Output to Raise 8% on H1 - Report
Edited by : AL CIRCLE
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China's production of primary aluminum is likely to rise at least 8% in the H2 of the year from the first, thanks to new capacity and steady prices that prompt smelters to use idle capacity.
Industry sources said that H2 output would not be hurt by Beijing's tighter curbs on new projects because the government was targeting projects planned but not completed. High production in the world's top aluminum producer and consumer could lead to strong exports of semi finished aluminum products and low imports of primary aluminum in the H2.
Exports of Chinese primary aluminum are expected to stay low since China sets 15% tax on exports. In June aluminum production reached a fourth consecutive monthly record of 1.591 million tonnes as a result of startups of new capacity from March to May which should gradually boost output through August.
Industry sources said that H2 output would not be hurt by Beijing's tighter curbs on new projects because the government was targeting projects planned but not completed. High production in the world's top aluminum producer and consumer could lead to strong exports of semi finished aluminum products and low imports of primary aluminum in the H2.
Exports of Chinese primary aluminum are expected to stay low since China sets 15% tax on exports. In June aluminum production reached a fourth consecutive monthly record of 1.591 million tonnes as a result of startups of new capacity from March to May which should gradually boost output through August.
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