More alumina cuts emerge in China; market at impasse

An increasing number of alumina refineries in China have been trimming output in recent weeks to stabilize the domestic market and to avoid potentially unsustainable losses caused by higher production costs and lower alumina prices, sources told Fastmarkets.

But the cuts have not been substantial enough to support a rebound in alumina prices because most alumina refineries in China are private businesses and have limited access to credit...