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Stock impact report

China to Extend Record Aluminum Output Amid Ample Power Supply [Yahoo! Finance Canada]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
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Most Read from Bloomberg National output is expected to rise 3% in the fourth quarter from a year ago to 11 million tons, according to Shanghai Metals Market. The forecast assumes that smelters in Yunnan will escape production cuts for the first time in four years due to abundant electricity supplies. China's smelters, which account for about half of the world's aluminum, churned out a record 3.69 million tons in August, according to the research firm, whose figures differ slightly from official data. September is likely to show a bit of a dip before gains resume, culminating in 3.72 million tons in December, SMM said. Demand has been healthy despite a slowing economy due to the lightweight metal's burgeoning applications in clean energy and power transmission. But producing aluminum is notoriously electricity-thirsty. In Yunnan, the province that accounts for about 12% of China's supply, smelters rely on hydropower, which has been pinched in recent years by drought. But this Show less Read more
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