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Aluminium market deficit on the cards this year; price reacts to Chinese curtailments – BofAML

 
ALUMINIUM
The Chinese government has so far this year ordered 4.3-million tonnes of aluminium capacity closures at smelters in Inner Mongolia, Shandong and Xinjiang, pointing to the potential for a global aluminium market deficit to emerge before year-end, the latest analysis from Bank of America Merrill Lynch (BofAML) Global Research has found. After being range-bound between February and July, aluminium prices have rallied on a series of announced production curtailments in China.
 
 
 
 
 

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