Alcoa will suspend aluminium production at its Spanish smelter for two years to cope with the recent surge in energy prices in Europe. There are frequent news of overseas production reductions. China released the "Development Plan for Raw Materials Industry in the 14th Five-Year Plan Period" yesterday, which proposes measures to reduce emissions and restrict new capacity for industrial materials such as aluminium and alumina. The supply disruptions in the domestic and overseas markets increased market concerns about supply, attracting longs to enter.
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