Aluminum Industry News On December 19, 2018

- Dec 20, 2018-

(1) Hongchuang Holdings: 150,000 tons of high-precision aluminum strip casting and rolling line project will be completed and put into operation next February.

(2) Guinea Jinbo Bauxite Development Company and Zibo Rundi Aluminum Company signed the FRIA Mining Agreement with the Guinean government.

The weakening of Shanghai's fundamentals has not improved. The decline in alumina prices eased the pressure on aluminum production and weakened the cost support. However, in recent days, the Nonferrous Association will hold a meeting of key aluminum enterprises, and there is concern that the market will expand in scale. Therefore, the current long and short should be cautiously waiting for the results of the meeting, it is recommended that the new order is mainly wait and see.