Aluminum’s low price forces smelters to operate at a loss

Aluminum Investing News reports aluminum markets have lost more than 40% of its value since its highest in July this year.

In July, aluminum touched a record high of US $3,380 per tonne, now it is trading below $2,000 per tonne. At aluminum’s current price around 90 per cent of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.