Shanghai Nonferrous Metals News
SMM: More than 20 mtpy of domestic primary aluminium capacity is in loss in terms of cash costs,(with reference to an averaged industry cash cost of RMB 11,700/t and primary aluminium prices of RMB 11,330/t as of 25th March 2020). The full, averaged industry cost currently stands at RMB 12,700/t.
According to SMM, a total of 400ktpy~500ktpy primary aluminium capacity has been curtailed as a result of low prices. An increasing number of high-cost smelters will cut operations or run maintenance ahead of schedule if domestic aluminium price remains low in the short-term.
