(AMM) More China aluminum cutbacks seen

With the vast majority of Chinese aluminum smelters operating in the red at current prices, meaningful cutbacks are becoming a reality for most producers and more curtailments are likely necessary to combat lagging demand, analysts said.

Aluminum Corp. of China Ltd. (Chalco) said last week that it will cut 18 percent of its total smelting capacity, equivalent to 720,000 tonnes per year. The company's aluminum capacity was about 3.5 million tonnes in 2007, and China's total capacity was around 10 million tonnes, according to China's National Bureau of Statistics.

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.