Thống kê
| 1867872 | |
| Số người đang online | 1 |
| Số truy cập hôm nay | 219 |
| Số truy cập tháng này | 58572 |
Quảng cáo
"Giants" of the US 127 years to collapse under the weight of China
|
The atrophy of aluminum producer Alcoa leading is considered a sign signaling the waning period of industry symbolic capital of the country.
Over 127 years, the Group is headquartered in New York was hard to produce the aluminum plate - light metals have high applicability, are used to produce beer from the till of machine parts fly. Alcoa was once the symbol of American industrial power.
Now, with the lowest prices bottomed aluminum 6 years, Alcoa is to cut nearly 1/3 domestic product, according to estimates of Harbor Intelligence. Worse, if prices do not recover, as predicted all American smelter will be closed in 2016.
However, while US aluminum sector THE WATER OUT and brought about the very many people will unemployment, this does not have too much significance to the global supply chain. The decision to cut production 503,000 tonnes accounting for about 31% of aluminum in the US, but only accounts for less than 1% of total global output.
Over one recent decades, aluminum production has shifted to places with cheaper costs: Russia, the Middle East and especially China. Primary surplus global supply caused prices fell 27% in the past year, prompting the US aluminum producer losses and stalled.
"You can see quite a lot of factories closing in the US. Unfortunately this was not just an unfortunate thing, but also a movement very difficult to change, "said Michael Widmer - Market Research Manager metals at Bank of America - say. "That means you'll have to buy aluminum from other places outside the United States."
This is exactly what Jay Armstrong - Chairman of Trialco Inc. - doing. With core activity is transforming aluminum into products for industrial finishing, now his company is importing 80% of materials, doubled compared with 5 years ago.
In total since the beginning of the year the price of aluminum fell 19% to $ 1,501 / ton on the London exchanges. Last week, the metal still hits $ 1,460 - the lowest since 2009. While most of the company's US aluminum smelting would not be profitable if the price is below $ 1,500 / ton. Overseas Factories often have numerous advantages including labor costs as well as lower energy and a weaker USD currencies. Therefore they will easily compete with US companies on American soil.
This is not the first time the US aluminum industry to lose market share to foreign countries, but China is truly a game changer guys. Chinese aluminum output boom and oversupply, exacerbated and push prices down so low that the Bank of America estimates that over 50% of global aluminum production to losses.
This year, China is expected to account for 55% of total aluminum production worldwide, nearly double the 2015 level of 24% of Americans are going in the opposite direction: down from 2.5 million tonnes in 2005 to 1.6 million tons in 2015.
Beneficiaries
According to Young Intellectuals
|
Liên kết website
Hỗ trợ trực tuyến
-
Liên hệ ngay.Email:ĐT: (08) 6682 3335 - Fax: (08) 6256 2218
Ngày giờ hiện tại
18/8/2025
clock