Asian Metal News
Shanxi Zhaofeng suspended its alumina operations last week in the wake of weak market prices. Zhaofeng, designed with 1.1 mtpy alumina capacity, has one 700 ktpy and one 400 ktpy production line. Before halting operations completely last week, the company was running the 700 ktpy alumina production line, having output of 60 kt in July. The company produced 740 kt of alumina in 2018 and its output in the year to date is 310 kt.
At present, mainstream alumina prices stand at RMB 2,460~2,510/t ex-works in Shanxi, down by RMB 10/t from early this week. Zhaofeng faces a deficit of RMB 400/t for every tonne of alumina it produces at this price level.