China Just Redrew the Aluminum Map, and the World Is Watching

From agmetalminer.com

At a time when analysts expect the global demand for aluminum to rise, a new development in China may significantly impact both aluminum market demand and the country’s internal consumption. That said, market watchers know that any announcement around metals coming out of Beijing these days also has to be looked at through the lens of the ongoing tariff war with the United States. It’s a pivotal moment for China’s aluminum industry, even as the nation’s production capacity nears its government-imposed annual limit of 45 million tons (MT). The government set that ceiling in order to address overcapacity and ... (full story)