13.02.2012 - Aluminium losing battle against oversupply

Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures. Rio Tinto acknowledged a gloomy outlook for the sector this week, when it slashed the book value of its Alcan unit by $9bn..............................................Full Article: Source

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