Japanese metallurgical group Sumitomo Corp predicts that after the fall in the price of aluminum, its production capacity will be sharply reduced. The aluminum industry may face a shortage of winged metal in 2015 for the first time since 2006, the corporation said.
The price of aluminum on the London Metal Exchange has dropped more than 18 percent over the past year. Leading global producers including RUSAL, Rio Tinto and Alcoa have announced plans to cut aluminum production by 10-15 percent.
China also reported a reduction in capacity, while the country accounts for more than 50 percent of all world production.
Sumitomo Corp expects global aluminum demand in 2014 to exceed 390 thousand tonnes.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- 14 July 2025
18:00 Nigeria: Localization of the production of electric cars in exchange for lithium 16:00 Severstal triggers the second stage of the program for compensation for mortgages for employees 15:00 Trump introduces a 50% tariff for copper imports since August 14:00 Pure export of finished steel from China grew by 13% against the background of a preserved weak domestic demand, reports Reuters 14:00 An important slide for investors from Severstal : Capex in 2025 and 2026 will amount to about 170 billion rubles 11:00 How do technologies help increase safety in mines? 08:00 Chile has a huge mining concern Codelco, very progressive and successfully introducing the most modern solutions in the field of engineering at its facilities 08:00 September iron ore futures on the Dalian Stock Exchange reached 102.2/ton, the highest level since the beginning of May. Whereas the August contracts in Singapore are estimated at 96.15/ton.
Publications
14.07 Almaty crossings 09.07 Internet provider Kazakhtelecom: Services for the population 09.07 Reliable decisions in the field of thermal insulation 03.07 02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home
