1041 GMT China’s primary aluminum production rose to a record level of 2.59 million tons in April, up nearly 9% year-over-year. The “staggering” amount is going to hurt the bottom lines of Western producers unless they become more efficient. “Major Western producers will need to continue efforts to ensure they are bottom quartile producers because at this rate there is not going to be any help from the price,” says Investec. Aluminum futures are lower on the London Metal Exchange, trading down 0.8% at $1,853/ton. The metal hit a two-and-a-half-week low earlier in the session at $1,851/ton.
For full article: http://www.metalprices.com/news/article/DN/20150515004083/dj-china-aluminum-production-will-hurt-western-producers–market-talk
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