China aluminium group seeks government support

The Chinese government has been asked to initiate measures to support the country’s aluminium producers, prompting concern in the North American market.

The China Nonferrous Metals Industry Association (CNIA) believes that aluminium oversupply will continue to exist in the short-term, and is pushing measures that would prop up Chinese aluminium producers facing low prices. Measures advocated by the group include the government purchasing and storing aluminium products, cancelling provisional tariffs on exports, increasing the rebate rates for certain aluminium products, and dealing with the issue of excess smelter capacity. Chinese producers have curtailed more than 3.5 million tonnes of aluminium production so far this year, according to...

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This article was first published by AMM

December 01, 2015

01:02 GMT