China to Extend Record Aluminum Output Amid Ample Power Supply [Financial Post (Toronto, Ontario, Canada)]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — China's record-breaking run of aluminum output is likely to extend through the rest of the year as supply risks dissipate at a key production base in the south of the country. National output is expected to rise 3% in the fourth quarter from a year ago to 11 million tons, according to Shanghai Metals Market. The forecast assumes that smelters in Yunnan will escape production cuts for the first time in four years due to abundant electricity supplies. China's smelters, which account for about half of the world's aluminum, churned out a record 3.69 million tons in August, according to the research firm, whose figures differ slightly from official data. September is likely to show a bit of a dip before gains resume, culminating in 3.72 million tons in December, SMM said. Demand has been healthy despite a slowing economy due to the lightweight metal'
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VALE
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- 7/26/24 - Beat
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- 11/14/24 - Form 6-K
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- VALE's page on the SEC website