China power restrictions affect aluminum more - Macquarie

Macquarie Group Limited said that China’s power restrictions has been greater and is likely to be more long lasting on aluminium than on steel.

Macquarie has a positive view on aluminum prices for the Q4. However, any near-term strength in aluminium prices would encourage the quick ramp up of new projects next year once the pressure from Beijing eases.

(Sourced from Bloomberg)

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.