China is likely to sell more aluminium onto world markets by offering its struggling smelters cheaper power prices to keep them operating, adding to growing trade tensions with rival producers in countries such as the United States and Russia.
Despite the efforts to reduce the energy intensity of primary aluminium production, for this purpose China uses 90% electricity generated from coal. With the oncoming COP21 Forum, the country’s image can suffer.
Some Chinese lead smelters may leave the market due to the pressure of environmental protection policies, an analyst at the China Nonferrous Metals Industry Assn said. Continue reading
Global aluminium production reached a new high in March despite cuts to capacity by the biggest manufacturers.