Aluminum can weather low LME prices: execs

Apr 10, 2013 | 03:19 PM | Michael Cowden

Tags  Aluminum Association, Heidi Biggs Brock, Rio Tinto Alcan, Jean Simon, Noranda Aluminum Holding, Layle

ISLE OF PALMS, S.C. — Years of recession and the lessons gleaned from those tough times have helped aluminum producers cope with current low prices on the London Metal Exchange, according to industry executives.

The aluminum industry has grown resilient after soldiering through five to six years of economic challenges, Jean Simon, president of primary metals at Montreal-based Rio Tinto Alcan Inc., said during a press roundtable at the Aluminum Association’s spring meeting in Isle of Palms.

"We have learned to reorganize ourselves, look at our costs and work with our vendors ... to be sure that we are still in a good position to compete, because it is a global market. And especially in North America, there has been very good work on that side," he said.....

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