Aluminum Industry Focuses on China Capacity Plans

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Nov. 5 (Bloomberg) -- Bloomberg's Julie Hyman and Bloomberg Industries’ Kenneth Hoffman put futures in focus with a look at China’s impact on the aluminum industry in "On The Markets." They speak on Bloomberg Television's "In The Loop."

Aluminum industry.

Talk to us about what they involve?

The first disciplinary session.

The government will talk about the economy.

If they come out and say we have pollution problems, we want to cut electricity usage, we will start cutting the aluminum capacity, that could change the whole world of aluminum.

A lot of traders are laser focused on what they say next week.

The aluminum company said it would produce 24 million tons.

Is there talk about what that could be cut to.

Likes 24 million tons would be 60% of the world demand.

They probably have about 30% of the capacity, of which 10-15 are underwater.

Probably comes in from the middle east, who is building a lot of aluminum shelters.

This would help the market that has been in the doldrums for 5-6 years.

But we could see a big surge in the price if they do this?


Of course china is unpredictable.

Is this something where we see a lot of people putting bets on this happening, or is their caution being expressed in the marketplace it?

Surprisingly china not looking at this.

They have talked about cutting capacity in the past but never followed through.

The local people think they are serious about following through.

Is this going to be a factor in the aluminum market right now?

For the next couple of weeks, yes.

They have been ignoring it to their peril.

Good to talk to you.

We will be on the markets once again in 30 minutes, bringing you up to date on what stocks are doing.

? not treat.

-- cheap.

This text has been automatically generated. It may not be 100% accurate.


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