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Article: China : China Tianyuan to double secondary aluminium capacity.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
China's Sanmenxia Tianyuan Aluminium Co (8253.HK) plans to double its production capacity of secondary aluminium next year to 100,000 tonnes, as the aluminium market recovers, a senior executive of the company said on Tuesday.
"Although there is overcapacity for now, aluminium consumption will definitely increase every year," said Xiao Chongxin, deputy general manager of the company.
"We are optimistic about the primary aluminium market next year, but cautious on price outlook."
Xiao expected aluminium prices to hover around 16,500 yuan ($2,417) ...