Aluminium prices foil Point Henry

Alcoa's closures won't be the last of the sector's pain in the Western world as it struggles to rationalise production in the face of low aluminium prices.

Alcoa may have spent the past two years reviewing the future of the 50-year-old Point Henry aluminium smelter near Geelong in Victoria but the results of that review, and the closure of the smelter announced today, have been an increasingly foregone conclusion.

It is a small part of a global restructuring of the industry, or at least the Western world segments of it, to reflect the fundamental changes to the industry that have occurred since the global financial crisis.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles