China Hongqiao Adding Aluminum Output as Global Smelters Cut
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China Hongqiao Group Ltd., the nation’s largest non-state aluminum producer, and competitors are boosting or maintaining output as the government seeks to trim capacity amid a global glut.
China Hongqiao’s production will rise about 10 percent to 2 million metric tons this year, said Christine Wong, executive director secretary and head of investor relations. Xinfa Group and East Hope Group said they aren’t planning cuts. The companies are three of China’s five biggest aluminum makers.