Interfax has received information from an undisclosed source indicating that the closure of unprofitable production facilities is unavoidable in light of the current prices on the aluminium exchange. The aluminium powerhouse has yet to officially respond to inquiries regarding the potential closure of several of its plants.
However, a representative from one of its stakeholders, holding a 25.72 per cent stake in the aluminium company, stated that the parent company had yet to inform its shareholders about its intentions.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
