Metals Industry Business Intelligence
By Tom Stundza -- Purchasing, 6/18/2009 2:00:00 AM
7%
Drop in global aluminum demand
Source: Alumina
WHAT IT MEANS:John Bevan, CEO of Alcoa subsidiary Alumina of Australia forecasts a 7% contraction in world aluminum demand this year, led by declines in western countries.
29%
Drop in daily aluminum output
Source: Aluminum Association
WHAT IT MEANS:Average daily aluminum smelting production is down in the first four months at 5,340 metric tons from 7,556 metric tons in the comparable 2008 period.
50%
Drop in Noranda alumina output
Source: Noranda Aluminum
WHAT IT MEANS:Noranda Aluminum in May cut the annual production rate of smelter-grade alumina at Gramercy refinery in Louisiana to 500,000 metric tons, half its annual refining capacity. Other alumina cutbacks have begun by Alcoa and Sherwin Alumina.
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