Idle about four into Chinese aluminum production capacity of alumina

Following the announcement electrolytic aluminum output and 18% after the Chinese aluminum and alumina for the implementation of the production, the company disclosed today, has been idle for 38% of the alumina production capacity. China Aluminum announcement today that by electrolytic aluminum and alumina output prices low, since the end of October 2008, at a higher cost of the enterprise to reduce the alumina production. As of November 5, 2008, the company has been idle for alumina production capacity 4,110,000 tons / year, accounting for about 38% of the company's total production capacity. Central Plains branch of which 640,000 tons / year, 1,100,000 tons of Shanxi branch / year, the Shandong branch 1,170,000 tons / year, Henan Branch 1,200,000 tons / year. And on Oct. 23, the company announced another main product for electrolytic aluminum production, aluminum prices due to the rapid decline and weaker demand for aluminum, so the company plans to pay more to reduce the production of enterprises. And the output of electrolytic aluminum in the performance of the major companies in Shandong, Henan, Liaoning, Inner Mongolia and other places of business or part of the production limit production, reduce the electrolytic aluminum production capacity of about 720,000 tons / year, accounting for about 18% of the total capacity of the company. Industry analysts have said that with the weakening demand for aluminum and aluminum prices decline, the Aluminum Company of the further deterioration of the overall level of profitability, most of the Aluminum Company of the existence of widespread losses. The reason why Chinese aluminum production of electrolytic aluminum products, is to control costs while the current stability in the domestic aluminum prices. Chinese aluminum production in the day after the announcement also said that the company may be based on market and corporate operations of further production cuts, the company was announced shortly after the production of alumina. Analysts said that prices of alumina, aluminum prices since September remained low, Lehman Brothers bankruptcy order in the global financial market turmoil, falling aluminum prices driven down prices of alumina, the producers price is upset. China Aluminum in the Oct. 27 release of the Quarterly Bulletin of the three data show that this year's third quarter net profit of more than 92% reduction over the same period last year, in addition to the cost of production rose more, the prices of products than the same period last year a relatively large The main reason is lower.