Aluminium Corp. of China (Chalco) has announced it will temporarily close 380.000 tpy of production capacity due to weak market conditions. The curtailment corresponds to 9％ of the company's annual aluminium output. Low aluminium prices and rising costs led to a net annual loss of 8.2bn yuan (USD1.3bn) in 2012 and an operating loss of 4.8bn (USD782m) yuan. Chalco follows in Alcoa's and Rusal's footsteps: both companies have only recently announced production cuts. Alcoa will close two Soderberg potlines at its Baie-Comeau smelter in Quebec representing a production capacity of 105,000 tpy while Rusal announced production cuts of around 300,000 tpy.
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