China's Chalco expects strong full year alumina output growth |
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Published
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Wed, 30 May 2007 08:39
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BEIJING (XFN-ASIA) - China's largest producer of aluminum and alumina Aluminum Corp of China Ltd (Chalco) does not expect alumina output in China to slow anytime soon, a Chalco spokesperson told XFN-Asia.'We don't expect there to be any slowdown in alumina output this year, either by us or by smaller domestic miners. In fact, most are increasing production or have plans to do so,' said Zhang Qing.Her assertion is at odds with a forecast made by the country's top economic planner earlier today.The National Development and Reform Commission (NDRC) said the country's alumina output growth, expected to be rapid in the first half, will slow down in the second half due to weaker prices.China produced 4.27 mln tons of alumina in the three months to March, up 53.7 pct year-on-year, while output of electrolytic aluminum rose 36.6 pct to 2.77 mln tons.In a statement published on its website, the NDRC said China's current annual capacity in alumina and electrolytic aluminum is estimated at 17 mln tons and 12.5 mln tons, respectively.When asked where alumina prices are headed in the second half, Zhang said: 'There's really no way to predict these things with any accuracy.'andrew.pasek@xinhuafinance.com
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HK-listed Chalco Q1 alumina output up 13 pct; avg selling price down - UPDATE 