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“Demand is weaker than expected. If they are taking unplanned downtime, they face a new situation, customers are not taking as much volume [as estimated],” one buyer said.
Annual demand growth is forecast to come in at 2% from 2024-2028
The Chilean Ministry of Economy released a strengthening plan to reverse — in the short and medium term — the reduction in jobs and the decline in industrial infrastructure and steel production due to the closure of the country’s largest steel mill, Compañía Siderúrgica Huachipato, which officially ceased operations on Monday September 16.
Australian alumina production remains “attractive” although heightened environmental-social-governance (ESG) considerations have been causing some tension recently, delegates said during a panel discussion at Fastmarkets’ International Aluminium conference in Athens, Greece, on September 10-12.
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