China could become net aluminum importer

Jun 24, 2013 | 12:23 PM | Michael Cowden

Tags  Sapa Chalco Aluminium Products, Torbjorn Sternsjo, overcapacity, new capacity imports, exports, China, aluminum, Aluminum Summit Michael Cowden

NEW YORK — China could eventually become a net aluminum importer as older, less profitable and more polluting capacity in eastern areas is replaced by new capacity in the country’s western provinces, where electricity costs are lower, according to one industry executive.

In the meantime, China continues to face a supply glut, Sapa Chalco Aluminium Products (Chongqing) Co. Ltd. chief executive officer Torbjörn Sternsjö said June 21 on the sidelines of AMM’s Aluminum Summit in New York.

But Sternsjö cautioned against reading too much into specific overcapacity data. Chinese capacity figures might include projects that haven’t yet physically started up, ones approved by the government but not yet operating and even ones that have been stopped, he said.....

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