China’s primary aluminum price rose back to the RMB 20,000/ton level, which was driven by continuous destocking and dropping primary aluminum production capacity in Europe.
In addition, the cost of primary aluminum has decreased obviously due to the decline in prices of raw material alumina.
According to market participants, the price of primary aluminum will remain high, and the relevant enterprises’ profitability was expected to continue to improve.
China’s primary aluminum industry to benefit from high prices
5 Jan 2022 16:12 reported by Joy Liu
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