China Aluminum expects alumina prices to "below this year"

CHONGQING, October 19: Chen Guihua, executive director and chief financial officer of China Aluminum Corporation, the second largest alumina producer in the world, said in an exclusive interview with reporters in Chongqing on Thursday that it is expected that alumina prices will “below this year”, so the company Will control the relevant spot sales at a low level.

He refused to respond positively and the company has plans to further reduce the price of alumina. At the end of September this year, the company reduced the spot price of alumina by 22.4% from RMB 3,800 per ton to RMB 2,950, which is less than two for Chinalco. The spot price of alumina was lowered for the third time in the month.

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