China's Aluminum Output to Drop at Least 200,000 Tons Due to Power Supply Shortage

BEIJING (Xinhua via COMTEX) -- China's aluminum output will decrease by at least 200,000 tons in 2008 due to snow storm-induced power shortage in central and south China, analysts with Essence Securities say.

About 1 million tons of aluminum production capacities have been shut down due to the power shortage in central and south China, which has lasted for more than a week.

The output decrease estimate was according to the assumption that the production will resume in early March.

The output-fall prospect is fuelling anticipation that the country's non-ferrous metal prices will rise in the future. And in response, non-ferrous stocks, represented by leading producer Aluminum Corp of China Ltd (Chalco, 601600.SH, ACH.NYSE) in the Chinese mainland markets begin to rally relatively strongly Jan. 30.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.