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South32 to maintain lower aluminium output in South Africa¡ªThe 17th China(Guangzhou)Int¡¯l Heat Treatment,Industrial Furnace Exhibition
3/1/2016 Heat Treatment,Industrial Furnace expo |
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Reuters reported that Australian miner South32 said it plans to run its South
African aluminium division at current reduced rates until at least mid-2016, as it
wrestles with a sector-wide downturn.
In September, South32 suspended the operation of 22 smelting pots, or electrolytic cells, equivalent to 3 percent of the unit''s total aluminium-making
capacity, in response to a deterioration in markets for the metal. The pots would
remain offline for at least the remainder of fiscal 2016, ending June 30
The production loss is expected to amount to 18,000 tonnes of aluminium by the
end of June.
South32 produced 352,000 tonnes of aluminium in first half fiscal 2016, steady on
a year ago, but its average sales price fell 30 percent to $1,642 a tonne.
¡ªThe 17th
China(Guangzhou)Int¡¯l Heat Treatment,Industrial Furnace Exhibition
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