COLUMN-Cracks open in aluminium raw materials supply chains: Andy Home [Reuters (UK)]
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Source: Reuters
COLUMN-Cracks open in aluminium raw materials supply chains: Andy Home | Reuters Reuters Staff 7 Min Read (The opinions expressed here are those of the author, a columnist for Reuters.) * Graphic on aluminium and alumina: tmsnrt.rs/2zSMOrb By Andy Home LONDON, Nov 13 (Reuters) - China’s winter heating season has arrived and the aluminium market is still struggling to work out what impact it will have on the country’s production. The question returned again and again at last week’s ARABAL conference in Oman but consensus answer came there none. Capacity will certainly close as part of the government’s drive to improve air quality in the region around Beijing. But potential offsets both from earlier “illegal” capacity closures and from higher output in unaffected parts of the country make the exact calculations fiendishly difficult. In London three-month aluminium is trading around $2,120 a tonne, some way off the five-year high of $2,215 hit earlier this month. That suggests the marke
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