24.10.2008 - Global aluminium surpluses ahead despite Chinese output cuts |
From Mineweb.com: The global aluminium market is heading for big surpluses in the next couple of years as smelters outside China delay cutting output despite weak demand and falling prices, analysts said. But one believes more cutbacks will come through sooner rather than later to combat rising stocks. Around half of the industry is now operating at a loss, and Chinese plants, which have the highest costs, have announced reductions. .... Full Article: Source |