More aluminium production cuts were necessary to raise prices and lower inventories to manageable levels. The aluminium price would rise gradually once demand returns to the market, Svein Richard Brandtzaeg, Hydro's new CEO, said in an interview with Metal Bulletin. The rate at which stocks in London Metal Exchange warehouses are rising has slowed since December, when inventories jumped by 500,000 tonnes. There are just below 3.5 million tonnes of aluminium in London Metal Exchange-bonded warehouses. In summer last year stocks stood at around 1.1 million tonnes.
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机译:为了提高价格并将库存降低至可控水平,必须进行更多的铝减产。 Hydro的新任首席执行官Svein Richard Brandtzaeg在接受Metal Bulletin采访时表示,一旦需求返回市场,铝价将逐渐上涨。自去年12月以来,伦敦金属交易所仓库的库存增长速度有所放缓,当时库存增加了50万吨。伦敦金属交易所保税仓库中的铝产量不足350万吨。去年夏季,库存约为110万吨。
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