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Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

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Optimization Of Purchasing Cost For Casting Alloys

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Rio Tinto Al Output Rebounds 2% in Q3

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SINGAPORE, Oct. 15 -- Rio Tinto's aluminum output rebounded 2% in the third quarter on the back of continuing efforts to shut high-cost smelters and lower costs.
&nbsp;&nbsp;&nbsp; Aluminum output rose 2% from the previous quarter to 956,000 mt but remained 4% lower year-on-year.
&nbsp;&nbsp;&nbsp; The steady performance at its low-cost smelters in Canada has been offset by production cutbacks elsewhere in Canada and Europe in response to the sharp fall in demand, Rio said.
&nbsp;&nbsp;&nbsp; 42% of Rio Tinto Alcan's smelting capacity in the upper half of the industry cost curve has either been sold or curtailed and it expects to operate at an 11% lower annual run rate at the end of 2009.
&nbsp;&nbsp;&nbsp; As result, Rio Tinto's aluminum production from January to September has fallen 5% year-on-year to 2.85 million mt and its 2009 total is expected to be 6% lower at 3.8 million mt.
&nbsp;&nbsp;&nbsp; However, both bauxite and alumina output rose 3% in the third quarter, said Rio Tinto.
&nbsp;&nbsp;&nbsp; Alumina output rose to 2.2 million mt, 1% higher year-on-year, while bauxite output rose to 7.4 million mt but remained 16% lower year-on-year due to the ongoing production cut at the Weipa mine to 15 million mt this year, from 20 million mt last year.
&nbsp;&nbsp;&nbsp; Rio Tinto Alcan's global bauxite production in 2009 is expected to be at 31 million mt, a decline of 11% from 2008.
&nbsp;&nbsp;&nbsp; Meanwhile, Rio Tinto's refined copper output slipped 2% in the third quarter but remained 46% higher year-on-year.
&nbsp;&nbsp;&nbsp; This was due mainly to improved performance, and higher concentrate grades at Kennecott Utah Copper, and higher cathode production at Escondida.
&nbsp;&nbsp;&nbsp; Mined copper production from Kennecott Utah, Escondida, and Grasberg joint venture with Freeport in the third quarter totaled 179,200 mt, up 24% year-on-year.
&nbsp;&nbsp;&nbsp; Total mined copper production from January to September was 544,400 mt, up 9% year-on-year.
&nbsp;&nbsp;&nbsp; (Source: Metal Bulletin) 
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Rio Tinto Al Output Rebounds 2% in Q3 | Shanghai Non ferrous Metals

Rio Tinto Al Output Rebounds 2% in Q3

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