铝业专家电话会核心要点：中国以外地区扩张进展-Aluminum expert call key takeaways_ update on ex-China expansion

Aluminum expert call key takeaways: update on ex-China expansion We hosted an expert call with Mr. Yang Liu from Aladdiny about the progresses on capacity expansion outside of China, with a focus on Indonesia. Power supply is a key constraint which is unlikely to ease before 2028, and the expert see tight market balance in 2026/27. More details below. Global expansion overview: tight balance in 2026-27. In 2019-2025, the majority of capacity growth came from China (4mtpa+ out of ~8mtpa globally), Russia con ...