Despite aluminium prices on the LME having been below costs for many smelters for over a year, global aluminium production has risen due to record premiums, increased output in western China and government assistance elsewhere. With final demand set to remain weak, prices are likely to have to fall further before finding support from smelter closures.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.