Alcoa powers up in Brazil as China aluminium powers down

TheStar Fri, Sep 24, 2021 06:36am - 4 years View Original


The only significant production growth drivers outside China are India, Malaysia and the Gulf countries. (File ic shows aluminium stocks at Port Klang, Malaysia.Aluminium Port Klang

LONDON: After six years of lying idle the Alumar aluminium smelter in Brazil is about to restart operations.

Alcoa, which owns a 60% stake in the joint venture plant, said on Monday it will reactivate its 268,000-tonne-per-year share with first metal due in the second quarter and full capacity timed for the fourth quarter of next year.

The resurrection of the Sao Luis smelter is a sign of the changed times in the global aluminium market.

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Ah Choon Wong
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Good for aluminium stocks ? world aluminium price already 10 year high, but bursa aluminium counters price not up to new high yet.....more upwards towards the end of the year......pandai pandai fifo lah.....earn kopi money....

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