Second-biggest aluminium maker sees China exports slowing

Shanghai

CHINA, maker of about half the world's aluminium, will export less in 2016 as output expands at the slowest pace in five years and a price rebound fails to spur substantial smelter restarts, according to United Co Rusal, the biggest producer outside the Asian country.

"We don't think that the recent price rally will lead to massive restarts in China," Oleg Mukhamedshin, deputy chief executive officer, said before an industry conference in Shanghai on Tuesday. "The major part of idled capacity is still unprofitable at current levels."