COLUMN-Alumina squeeze hits already slowing global aluminium growth: Andy Home [Reuters (UK)]
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Source: Reuters
COLUMN-Alumina squeeze hits already slowing global aluminium growth: Andy Home | Reuters 7 Min Read (The opinions expressed here are those of the author, a columnist for Reuters.) * Global aluminium output growth: tmsnrt.rs/2OIJLK5 By Andy Home LONDON, Oct 23 (Reuters) - Global aluminium production growth has ground to a halt this year. Cumulative production grew by just 0.3 percent in the first nine months, the slowest rate of expansion since the Global Financial Crisis (GFC) in 2008-2009. Smelter outages in Canada and Brazil continue to constrain run rates in the Western World, while structural reform in China is capping output in the world’s largest aluminium producing nation. In theory, the potential exists for a re-acceleration in growth in both China and the rest of the world. In practice, however, a squeeze on availability of alumina, the raw material used to make aluminium, is compressing smelter margins with the rising threat of more production hits. Graphic on global alumin
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