Rusal posted 7.2% dip in Q1 aluminum output
Russian aluminum giant Rusal declared that its primary aluminum output had dipped 7.2% year-on-year in January-March to 1 million metric tons. For full story, click here
Articles Tagged "output"
Brazilian aluminum output in 2009 to drop by 5.6%
Brazilian aluminum production will dip by 5.6% YoY in 2009 from the 1 million tonnes produced in 2008. He added that in the first 2 months of 2009, production slipped by 4.5% YoY. For full story, click here
National Aluminum to boost output as demand revives
National Aluminium Co., India’s second-biggest producer, reported that it plans to boost metal production by about a fifth this fiscal year as it increases its smelter capacity to prepare for a revival in demand. For full story, click here
Record high LME stocks overwhelm stimulus’ potential
Aluminium for delivery in three months on the London Metal Exchange fell to a low of $1,279 a tonne – the lowest level since November, 2001. Record high stocks were responsible for the overwhelming downward pressure. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever.
Trimet Aluminium AG said it had cut aluminium output
German aluminium producer Trimet Aluminium AG said it had cut aluminium output by about 30 percent. The cuts spread equally between its 130,000 tonnes a year smelter and its 170,000 tpy Essen plant. For full story, click here
Century Aluminum would curtail output
Century Aluminum said it would curtail remaining output at its 170,000 tonnes tpy Ravenswood, West Virginia aluminium smelter by Feb. 20. For full story, click here
Alcoa to trim output at Fusina aluminium smelter in Italy
Alcoa to trim output at Fusina aluminium smelter in Italy as part of earlier announced plan to curtail 615,000 tonnes of its annual output. For full story, click here
Dowa Holdings Co Ltd said it would curb output
Japan’s Dowa Holdings Co Ltd said it would curb output by about 10 percent from its initial plan from February. For full story, click here
Many existing producers have shut down or curtailed output
Many existing producers have shut down or curtailed output at mines and plants as high costs and low prices bite. For full story, click here
China tackles aluminum market
The price of aluminum has slumped some 50 percent since peaking at $3,380 per tonne last July as the global economic downturn has hit demand for the metal. To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading.
