皇冠体育app

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皇冠体育app may add aluminum capacity on lower costs

(Agencies)
Updated: 2010-05-07 16:43
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皇冠体育app may add 2 million to 3 million tons of aluminum smelting capacity this year, said Wen Xianjun, deputy head of the 皇冠体育app Nonferrous Metals Industry Association.

Investment in aluminum smelters in 皇冠体育app, the world's largest producer, hasn't slowed in the face of growing overcapacity and a widening surplus of the metal, Wen said. 皇冠体育app had 20.62 million tons of capacity last year, and actual output this year may be 15 million tons, he said.

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Low construction costs and the comparatively short amount of time needed in 皇冠体育app to build smelters has supported expansion, Wen said at a conference in Shanghai today.

The smelting expansion could increase 皇冠体育app's imports of bauxite and alumina, the raw materials used to make the metal. 皇冠体育app currently imports around half of its needs, he said.

In 皇冠体育app, it takes only about half a year to build a 200,000-ton aluminum smelter, he said. Labor costs account for only 2 percent to 3 percent of total investment costs in 皇冠体育app, as compared with an average 10 percent abroad, he said.

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