Kandalaksha Aluminum Smelter planning to cut production

aluminum-smelterThere are persistent rumours that the aluminum smelter, one of the pillars of local economy, is about to cut production by 200 th. tons per year in December 2015.

(A strange figure given that the plant’s output is no more than 70 th. tons per year.)

The reason is said to be low price for aluminum that dropped to $1600USA, or 27%, since the beginning of 2015, which makes producing aluminum a losing business to half of the industry’s facilities.

For details see www.steelland.ru

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