Ms Janet Kong president of China International Capital Corporation Limited said that the Chinese aluminum market will face oversupply in 2013 due to the commission of new smelters in western region.
She indicated that the aluminum production in western Chinese smelters accounts for 75% of the country’s total new production during 2011 and 2015 due to low energy input costs and local government’s policy to boost investment.
Also, she said that the aluminum output in western region has soared by 13.7% since this year till now which is 2.4% higher than that in other regions.
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