China’s aluminum cuts ‘not enough’
Nov 24, 2008 | 01:37 PM
| Tom Jennemann
Aluminum production cuts inside China alone won't be enough to prevent huge world surpluses next year, Macquarie Bank said in a report Monday.
The Anglo-Australian bank said there has been a "dramatic slowdown" in global aluminum production growth in recent months, but unless the world outside of China curtails more production the current supply/demand imbalance will only continue to grow.
International Aluminium Institute (IAI) data shows that primary global aluminum output, excluding China, totaled 2.19 million tonnes in October, up 3.6 percent from 2.11 million tonnes the previous month and 2.4 percent higher than 2.14 million tonnes in October last year (AMM, Nov. 21).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here