Asian Metal News
Qinghai Materials or Qinghai Supply and Investment Group Al Branch, a 100 ktpy aluminium smelter in Qinghai is prepared to run maintenance on 13 ktpy aluminium capacity, involving 20 sets of 240 kA cells.
According to an inside source, these cells have been in operation for eight years and enjoy no profits under current weak aluminium prices. The company owns 160 sets of 240kA cells and produced 8.3 kt of aluminium ingot in March and its April output is expected to be lower- a result of the maintenance. The company produced 100 kt of primary aluminium in 2019 and holds no stock at present.
Mainstream aluminium ingot transaction prices are RMB11,500/t at Shanghai warehouses this week.