Reportedly, Jamalco, one of Jamaica's major bauxite and alumina companies said that the industry is undergoing its longest crisis. Compared to six years ago, the metal price today is only half than it. The price of metal on the LME has fallen to its lowest level, losing 15% of its value this year. Also Jamalco has devoted in a very rigorous exercise to contain costs and operate more efficiently. However Jamalco still racks up one of the highest production costs in the entire Alcoa system.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67503&division=A9
