Growing supply to limit alumina price gains, SMM expects

While the latest round of alumina price rise in China is nowhere near end, future upside room will be curbed by growing supply from production recovery, SMM predicts.

Alumina capacity restarts are still on the rise, while aluminium capacity restarts cannot keep up pace. This means alumina supply will turn into surplus in the medium term, SMM foresees.

SMM learns that Shandong Lubei Chemical Co. brought 250,000-tpy metallurgical-grade alumina capacity back online in May. Luoyang Xiangjiang Wanji Aluminium Co. plans to restart 600,000-tpy alumina capacity in late May.

It is said Shandong Weiqiao Group has restarted 1 million-tpy alumina capacity to match its new aluminium capacity.

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