FORECAST: China supply reform to support aluminium prices - Cowen

Chinese supply reform is expected to limit the country’s investments in new aluminium capacity, which combined with a ramp-up in demand growth could provide support to aluminium prices on the London Metal Exchange, according to investment firm Cowen & Co.

China’s supply-side reform is expected to cap the country's legal smelting capacity at 43-44 million tonnes per year, according to a Cowen research note issued on Wednesday March 28.

Chinese primary aluminium production from newly built capacity ramping up is expected to peak in 2019, while Chinese aluminium consumption - at an annual growth...


Kirk Maltais

March 29, 2018

02:49 GMT

New York