Due to high global oversupply and stock, the aluminum prices fell by 1.4% to US$1,748/ton on November 27th, the the lowest since July 2009. Decline in aluminum prices may cause the Jamaican major aluminum producers Rusal and Alcoa to further reduce production capacity. Over the past few years, the world's leading aluminum producers have reduced production. Rusal has announced that the company expects this year's production of 35.7 million tons, down 9% year on year. Meanwhile, bauxite and alumina are the two main pillars of the mining industry of the national economy of Jamaica, and also the major income of foreign exchange and revenue.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67523&division=A6
