Reported about 18 hours ago
Chinese aluminum smelters are poised for a profitable year as alumina prices have dramatically dropped, enabling companies like Aluminum Corp. of China Ltd. and China Hongqiao Group to improve their margins significantly. The cost reductions follow an expansion in domestic alumina production, which is expected to shift the market from a deficit to surplus, despite ongoing international trade tensions and tariffs imposed by the U.S. on aluminum imports.
Source: YAHOO