China’s aluminium supply shortage keeps prices near 13-year high with little sign of easing amid power cuts, emission targets

//China’s aluminium supply shortage keeps prices near 13-year high with little sign of easing amid power cuts, emission targets

China’s aluminium supply shortage keeps prices near 13-year high with little sign of easing amid power cuts, emission targets

Global transport, packaging and construction sectors will have to brace for more shortages in aluminium as China’s power-intensive metals industry buckles under the pressure of a national power crisis while Beijing maintains a cap on smelting to meet emissions targets.Alongside curtailed magnesium output – another power-intensive metal – aluminium production in China has suffered a 2.3 million tonne drop since the onset of the power crunch in September, when widespread power rationing swept the…

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By | 2021-10-29T03:59:38+00:00 October 29th, 2021|Headlines|Comments Off on China’s aluminium supply shortage keeps prices near 13-year high with little sign of easing amid power cuts, emission targets