Market sources told Fastmarkets 2.1 million tonnes of idled alumina capacity will restart at the end of July while another 1 million is expected to resume in August. The decision to restart the capacity was taken after the alumina price returned to profitability.
Previously, high production costs and low a China alumina price pressured some producers to shut the capacities in December.
“The progress for those resumed capacities was very fast, it only takes 10-15 days to finish [bringing them back online],” an alumina trader in Beijing said.
The resumed capacity will bring an estimated surplus of nearly 100,000 tonnes per month to the Chinese alumina market, an...