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  • The aluminum market (JJU) remains vastly oversupplied, even as the world’s top producer United Co. Rusal cuts Q1 output 4% to trim the global surplus that’s helped send prices 10% down YTD. A push by China to bolster aluminum production in Xinjiang province is adding to excess domestic stocks, Rusal notes. Also,  LME-approved warehouses globally are piled high with 5M-plus tons of the metal. [View news story]
    At one time I thought China would need power to fuel their economy, not convert it into Al and add to the worlds oversupply of aluminum. Once they get good at something they tend to overdo it flood the market, and then control it.
    May 14 03:03 PM | Likes Like |Link to Comment
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