Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Argentina-based aluminum producer Aluar increased its capacity utilization at 70pc on Dec 31, from 60pc reported in October, as demand improves after the fallout from the COVID-19 pandemic.


The company will continue to gradually look for ways to reestablish the remaining capacity, Aluar said in a statement to the country’s securities and exchange commission (CNV) on Dec 29. In March 2020, the company had to decrease its capacity utilization to 50pc due to the impact of the pandemic. Aluar’s Puerto Madryn plant can produce 460,000mt of aluminum products in a year, exporting about 70pc of its output.


Argentina’s aluminum consumption increased by 15.1pc to 72,163mt in Q3 2020 from 62,688mt in the same period of 2019, according to figures from the Argentine Chamber of Aluminum. 


Leave a Reply

Your email address will not be published.