China could become net aluminum importer
Jun 24, 2013 | 12:23 PM
| 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 countrys 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 AMMs Aluminum Summit in New York.
But Sternsjö cautioned against reading too much into specific overcapacity data. Chinese capacity figures might include projects that havent yet physically started up, ones approved by the government but not yet operating and even ones that have been stopped, he said.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.