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Alcoa Will Close Two Aluminum Plants In Spain
- Oct 19, 2018 -

1. Alcoa will close two aluminum plants in Spain and lay off about 700 people. Alcoa said it plans to close two of its aluminum plants in Spain, which together have an aluminum capacity of 180,000 tons per year and a total of about 700 layoffs. The US company said it has begun to hold consultations with the union on this, and the union said that the consultation will last for up to 30 days starting from October 31. The union said that if non-direct employees are considered, the closure of two aluminum plants will result in the loss of about 3,000 jobs. According to the company, the two aluminum plants, Aviles and La Coruna, have problems with insufficient technology and high cost of trimming. “These problems, as well as external market factors such as raw material costs and rising energy sources, have caused the two aluminum plants to record huge losses in the past two years.” The Spanish Ministry of Industry asked Alcoa to provide more information about the aluminum plant closure plan, which is said to be It is due to a lack of investment and it is hoped that the company will find ways to continue the production of the aluminum plant. “The government is surprised by the aluminum plant closure plan. We are worried that Alcoa has never reported to the government that it will close the aluminum plant.”

2. Alcoa lowered its expectations for global aluminum market demand based on Chinese demand. It is expected that aluminum and alumina will supply gaps throughout the year and bauxite will be oversupply. Global aluminum demand is expected to increase by 3.75%-4.75% for the full year, after forecasting an increase of 4.25%-5.25%. It is estimated that the global aluminum supply gap for the whole year will be 1 million to 1.4 million tons, which was previously predicted to be 1.1 million to 1.5 million tons. It is estimated that the global alumina supply gap for the whole year will be 400,000 tons to 1.2 million tons, which was previously forecast to be 200,000 tons to 1 million tons.