Russia, China need to make further aluminium cuts - governments

Russian and Chinese government officials have warned of the need for further domestic aluminium production cuts in order to balance the market and reduce unnecessary energy consumption, according to a document seen by Metal Bulletin.

The document, signed in Beijing this week by Arkady Dvorkovich, deputy prime minister of the Russian Federation, and Zhang Gaoli, vice-premier of the People's Republic of China, followed the 12th meeting of the Russia-China Commission on Energy Cooperation. “The parties note that the aluminium industry is currently in a deep crisis owing to overproduction and accumulated excessive stocks of aluminium in the market,” the document said. “The parties recommend that the aluminium industries of China and Russia optimise output in line with demand in order to avoid the ineffective...

Published

Andrea Hotter

November 18, 2015

23:59 GMT

New York