As per their own reports they are current cutting ALL non essential expenditure. It is true on average the inputas to Aluminium includes approx 15% natural gas, so this will be in the medium to long term strategy, but right now they are loosing money and the cost of production of Aluminium is higher than the selling price. The three majors (Comalco, Rusal and Alcoa) are all in trouble. If I were running Alcoa (which I am not) I would be delaying all project in an effort to stop cash outflows. their Perth operation is also not really that signficant to them so they have no real need to expand there.
Just my thoughts only
TSV Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
