Chinese Oversupply Still Haunts Aluminum

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Overcapacity in China’s beleaguered aluminum market will persist in the coming months, weighing on local prices and boosting the appeal of shipping aluminum products overseas, traders and analysts said.

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Increased product exports will help plug a supply deficit in the West, but will also fuel competition with Western producers. Exports from the world’s No.1 aluminum miner are already dragging on premiums – the cost of obtaining physical metal – in Asia.

 

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