China Studying Ways to Extend Squeeze on Aluminum Capacity
- Supply in world’s top producer seen jumping if curbs eased
- Approved projects will be more than sufficient to meet demand
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China, producer of more than half the world’s aluminum, is studying ways to keep battling overcapacity, according to an official at the nation’s top state-owned producer, who says existing approved projects will be more than enough to meet demand.
“If the government loosens control of the industry, capacity will surge immediately and badly affect the market,” Chen Xuesen, deputy director of the strategy development department at Aluminum Corp. of China, told an industry conference in Fuzhou on Thursday.