China demand threatens Europe's aluminium players
CHINESE competition and its huge demand for scrap metal threaten Europe's aluminium industry, speakers told a recycling conference in Germany. "China is a big threat _ no doubt about it," Patrick de Schrynmakers, secretary general of the European Aluminium Association, said at the congress organised by the Organisation of European Aluminium Refiners and Smelters (OEA). The only way to keep China at bay is to cut costs and enhance productivity in Europe, Schrynmakers said late on Monday.
China's rapidly growing market consumes vast amounts of both primary aluminium and scrap, a secondary raw material produced from re-melting recycled aluminium.
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