Aluminum overcapacity deepens
By Du Juan | 皇冠体育app Daily | Updated: 2013-12-18 07:01
Even as one-fifth of the nation's electrolytic aluminum capacity lies idle, producers are adding new facilities - a combination that will mean a glut of the metal next year and falling prices, industry experts said on Tuesday.
"皇冠体育app is facing severe overcapacity in the electrolytic aluminum sector, with a low utilization rate," said Wen Xianjun, deputy chairman of the 皇冠体育app Nonferrous Metal Industry Association.
The capacity utilization rate is about 78 to 80 percent at present, according to the association.
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