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China Moves Seen Pushing Aluminum Into Deficit -- Market Talk

3 May 2017 4:41 am

0441 GMT - Macquarie predicts that China's drive against illegal aluminum-smelting capacity might result in production cuts that lead to output trailing demand this year by around 1.2 million tons. Accordingly, the investment bank boosts its price forecast for this year to $1,913/ton and next year's view 2% to $1,806. A drop in aluminum production by the world's largest producer is bad news for alumina--the semi-processed ore. Macquarie's projected 2017 deficit for that falls to 1 million tons from 3 million. (biman.mukherji@wsj.com)
 

(END) Dow Jones Newswires

May 03, 2017 00:41 ET (04:41 GMT)

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