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RPT-COLUMN-Why China's aluminium industry is praying for blue skies: Andy Home [Reuters (UK)]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
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Company Research Source: Reuters
RPT-COLUMN-Why China's aluminium industry is praying for blue skies: Andy Home | Reuters Reuters Staff 7 Min Read (Repeats Oct. 24 item. The opinions expressed here are those of the author, a columnist for Reuters) * China's aluminium production: tmsnrt.rs/2l9Spmp By Andy Home LONDON, Oct 24 (Reuters) - Winter is coming in China and that means large swaths of industrial capacity in the regions around Beijing and Tianjin must cut production. Chinese President Xi Jinping has promised “blue skies” will replace the choking smog that envelops many cities in the country’s industrial heartlands, particularly over the “winter heating” months. Heavily polluting industries in the targeted regions will therefore have to reduce output between November and March. If that means massive disruption to supply chains, so be it. Aluminium production will be cut by 30 percent. Ironically, the “green” metal, used in ever greater quantities by automotive makers looking to reduce vehicle weight, is made us Show less Read more
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