China to Extend Record Aluminum Output Amid Ample Power
- Surge in hydropower generation to keep smelters operating
- Demand has been healthy due to rising clean energy usage
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China’s record-breaking run of aluminum output is likely to extend through the rest of the year as supply risks dissipate at a key production base in the south of the country.
National output is expected to rise 3% in the fourth quarter from a year ago to 11 million tons, according to Shanghai Metals Market. The forecast assumes that smelters in Yunnan will escape production cuts for the first time in four years due to abundant electricity supplies.