Asian Metal News
Yugang Longquan Aluminium smelter in Henan, designed with 600 ktpy primary aluminium capacity resumed full capacity operation by end-May.
The company halted 60 ktpy primary aluminum capacity in November 2019 due to the implementation of the 2019 winter production cut policy (November 2019~March 2020). However the company did not resume operations until mid-May following a rebound in aluminium prices.
The company chiefly produces liquid aluminium with 45 kt of output in May and June output estimated at 50 kt. Yugang Longquan produced 570 kt of primary aluminium in 2019.
Mainstream aluminium ingot prices stood at RMB13,340~13,440/t at Shanghai warehouses this Tuesday, down RMB60/t from Monday.