Alcoa sees China curbs balancing aluminium market

New York

ALCOA Corp sees Chinese cuts in aluminium production returning the global market to "relative balance" as the Asian nation's supply-side reforms begin to bite.

The largest US aluminium producer reduced its global surplus forecast for the lightweight metal this year as China appears to be holding to its promise to curb capacity to meet pollution-control targets.

"The improvement is mostly due to planned and actual curtailments i…