15 DECEMBER 2015www.bnamericas.com
Brazil aluminum output slumps through November
Edited by : AL CIRCLE
1 min read
Brazil's primary aluminum production fell 20.5% through November to 708,500t, local Aluminum Association Abal reported.
Primary aluminum output in November dipped 11.5% year-on-year to 69,300t. Brazilian production of the metal began declining in March 2014 and has yet to bounce back. For full-year 2014, output totaled 962,000t.
The latest production statistics reflect plant curtailments and shutdowns in Brazil, as the country shifts from being a leading aluminum exporter to a net importer of the metal. Aluminum's low price on the international market and Brazil's high energy costs are factors behind the trend.
Abal comprises CBA, part of local conglomerate Votorantim; Alcoa; BHP Billiton; and aluminum producers Albras, Hindalco and Novelis.
Primary aluminum output in November dipped 11.5% year-on-year to 69,300t. Brazilian production of the metal began declining in March 2014 and has yet to bounce back. For full-year 2014, output totaled 962,000t.
The latest production statistics reflect plant curtailments and shutdowns in Brazil, as the country shifts from being a leading aluminum exporter to a net importer of the metal. Aluminum's low price on the international market and Brazil's high energy costs are factors behind the trend.
Abal comprises CBA, part of local conglomerate Votorantim; Alcoa; BHP Billiton; and aluminum producers Albras, Hindalco and Novelis.
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