The “COVID-19” pandemic: Aluar Aluminio Argentino SAIC slashing production at its aluminium plants
The Argentine giant Aluar Aluminio Argentino SAIC has been slashing production at one of its aluminium plants amid close-down related to the coronavirus pandemic apart from the indication that global light metal production is slowing down.
The Buenos Aires-based producer said in a statement that “it is reducing production by an additional 25% at its Puerto Madryn plant in the south, in response to country's nationwide shutdown.”
As per the government’s notice companies in core businesses can continue to operate, but must take mitigation measures, including employing as few people as possible.
Following a similar cut this month, Aluar said “it had now put 50% of its capacity in Puerto Madryn out of business. The plant has a total capacity of 460,000 tonnes and produced 427,000 tonnes in the year to June 2019.”
Companies around the globe have been reducing their operations as staffs are ordered to stay at home to resist the coronavirus spread out.
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
