Alumina tags feel heat of surplus rise, demand drop
Dec 02, 2008 | 09:20 AM
| Tom Jennemann
Alumina production grew in the third quarter while demand for the raw material has taken a significant hit, causing the global surplus to grow and placing significant downward pressure on pricing, analysts said.
Global metallurgical alumina production, excluding China, was nearly 13.9 million tonnes in the third quarter, up 1.2 percent from nearly 13.7 million tonnes in the same 2007 quarter and up slightly from 13.8 million tonnes in the second quarter this year, according to data from the International Aluminium Institute, London.
Macquarie Research put third-quarter Chinese alumina production at about 6 million tonnes, representing a roughly 25-percent increase from 4.8 million tonnes in the same 2007 quarter and about 7 percent higher than the 5.6 million tonnes produced in the second quarter. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here