Golden Horse Group cut output on line with price fall of electrolytic aluminium

Golden Horse Group declared to cut output of electrolytic aluminum following the move of Chalco. It received a report from Meishan Qimingxing Aluminium Co., Ltd, one of its sub-company, which said that 84 sets of electrobath would be shut due to weak demand and low price. This shut accounts for 50% of the company¡¯s total output.

Chalco declared yesterday that it would close capability of high running cost, reducing about 720000 ton/year in general.

The report added that electrolytic aluminium price was falling rapidly in Q3. Average benchmark price of Q3 Changjiang spot market was 17800 yuan/ton, down 4.4%.

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