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Earthquake impact on aluminum smelters still unclear
- China Aluminium Network
- Post Time: 2008/5/26
- Click Amount: 842
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Interfax China reported that damaged facilities and disrupted power supplies are expected to affect aluminum smelters in earthquake hit areas of Sichuan Province though broken communication lines has made it difficult to calculate the degree of impact.
According to State Grid, 6 transformer substations were shut down, reducing power supply to the Sichuan power grid by 4 million kilovolts after a 500 KV and five 220 KV transformer substations in Sichuan were affected by the earthquake. In addition, 5 power plants in western Sichuan were disconnected from the power grid.
Mr Huang Fulong an analyst at Kaichao Investment Bank said "Any possible structural damage to facilities or power cuts will heavily impact aluminum production. Sichuan Meishan Aostar Aluminum Company Limited and Sichuan Guangyuan Aostar Aluminum Company Limited in Sichuan's Meishan City and Guangyuan City close to Wenchuan County are likely to be affected.
He said that "Communication in those areas struck by the earthquake was cut though making it impossible to receive up to date information."
Mr Li Yang an analyst with Beijing Antaike Information said "Although the possible impact of the earthquake has not yet been confirmed, an aluminum smelter in Sichuan said the affect on production is minimal. However, the current lack of direct communication to the earthquake affected areas prevents us from confirming the information and all we can do is wait and see if smelters have cut production or shut down altogether."
He said that "Domestic aluminum prices, which may temporarily go up due to the disruption are not expected to be affected in the long term as long as there are no major production cuts or halts."
Source: http://www.steelguru.com/news/index/2008/05/24/NDY4Mjk%3D/Earthquake_impact_on_aluminum_smelters_sti
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