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Will Southeast Asia become the next Chinese aluminium production hub?

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26 April 2022

Will Southeast Asia become the next Chinese aluminium production hub?

Report summary

To develop a sustainable aluminium industry, the Chinese government has forced the closure of a large number of unlicensed smelters and encouraged companies to acquire capacity quotas through mergers and acquisitions since 2017. These policies capped the country's smelter capacity at around 45 Mtpa, which is widely regarded as a hard limit. Energy consumption limits is the other powerful tool used by Chinese authorities to limit aluminium capacity expansion in the country. This insight addresses the question why Southeast Asia may be the alternative for Chinese investors to develop new aluminium capacity.

Table of contents

  • Executive summary
  • China’s aluminium capacity constraints
  • Chinese aluminium companies have a strong urge for reinvestment
  • Why Southeast Asia?
  • Challenges for Southeast Asia
  • New players joining the game

Tables and charts

This report includes 5 images and tables including:

  • Global aluminium production and supply-demand balance forecast
  • Net profit margins of Chinese public aluminium companies
  • Existing alumina refineries and aluminium smelters in Southeast Asia
  • Cost competitiveness of the existing aluminium smelters in Southeast Asia
  • Aluminium smelters and possible projects in Southeast Asia

What's included

This report contains:

  • Document

    Will Southeast Asia become the next Chinese aluminium production hub?

    PDF 1.25 MB