Norsk Hydro CEO Sees Market Mostly Balanced This Year

The video discusses the impact of China's aluminium market on global prices, highlighting China's significant role in both demand and production. It covers ongoing supply reforms in China, targeting companies with unauthorized capacity and addressing environmental issues. The potential reduction in China's production capacity could affect the global supply-demand balance. Outside China, there is limited capacity growth, with some developments in India for domestic use. The video concludes with expectations for a balanced market, contingent on developments in China.

What is the primary reason for the recent changes in aluminium prices according to the video?

• Capacity cuts in China

• New mining operations in Africa

• Increased demand in Europe

• Technological advancements in production

What is one of the main focuses of the supply reform in China?

• Enhancing technological innovation

• Expanding domestic consumption

• Reducing production in non-compliant companies

• Increasing exports

How many cities in China are expected to reduce aluminium production capacity due to environmental reforms?

• 15 cities

• 10 cities

• 35 cities

• 28 cities

What is the expected trend for aluminium capacity outside China?

• Significant increase

• Slight decrease

• Rapid expansion

• Stable with little change

What is the anticipated market condition for aluminium by the end of the year?

• Significant surplus

• Largely balanced

• Severe shortage

• Unpredictable fluctuations