Alcoa suspends primary aluminum production at Spanish plant for two years. |
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Due to high electricity costs, the 228,000 mt/yr San Ciprian primary aluminum smelter will close in January 2022. Production is set to restart on January 1, 2024. As Alcoa will be making major investments in the plant and guaranteed future pay and employment, most employees voted in favor of the closure. Prior to this investment announcement, Alcoa had been trying to sell the plant since 2020. The plant has been plagued with worker strikes and unprofitability in recent years. (12/30/2021) |
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12/22/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 12/13/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/29/2021: Alcoa to curb aluminum output in Spain after energy costs soar 12/28/2021: Romania’s Alro to cut primary aluminum production due to high energy prices 12/27/2021: China's 2021 primary aluminum output seen below early estimates: Antaike 12/26/2021: World economy now set to surpass $100 trillion in 2022 |
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