Top

Second-Biggest Aluminum Maker Sees Chinese Exports Slowing

May 11, 2016

Category:

China, maker of about half the world’s aluminum, will export less in 2016 as output expands at the slowest pace in five years and a price rebound fails to spur substantial smelter restarts, according to United Co. Rusal, the biggest producer outside the Asian country.

“We don’t think that the recent price rally will lead to massive restarts in China,”  Oleg Mukhamedshin, deputy chief executive officer, said before a conference in Shanghai on April 10. “The major part of idled capacity is still unprofitable at current levels.”

Read More on Industry Week