Aluminium prices in China stable despite snow led power crisis

Bloomberg reported that the cold weather and coal shortage in China had little impact on aluminum making, the most electricity- intensive metal to produce. Mr Li Yang, an analyst at state- owned researcher Beijing Antaike Information Development Co said that he is unaware of power supply issues for any smelter. Mr Li added that “Higher coal and power prices due to shortages are not a problem to aluminum producers because the metal prices are high enough” to offset gains in costs.” (Sourced from Bloomberg)