- Chalco (NYSE:ACH) says it has suspended 770K metric tons of alumina production capacity at its majority owned Chalco Shanxi New Materials in China's Shanxi province, citing the rising cost of bauxite feedstock and low alumina prices.
- Shanxi New Materials has nameplate production capacity of 2.6M metric tons/year of alumina and 424K tons/year of primary aluminum; the suspended capacity represents nearly 30% of installed capacity.
- ACH does not say how long the Shanxi production cuts will last.
Chalco to cut Shanxi alumina production due to high bauxite cost
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Symbol | Last Price | % Chg |
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ACHHY | - | - |
Aluminum Corporation of China Limited |