U.S. Aluminum Industry Gets No Respect

U.S. Aluminum Industry Gets No Respect

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Wayground Content

FREE Resource

Century's largest aluminum plant in Kentucky is struggling due to low aluminum prices, which are the lowest since 2003. The plant has cut capacity and workforce, focusing on high-purity metal production. However, global oversupply, driven by China's increased production and subsidies, exacerbates the situation. Power costs are a significant challenge, and there are calls for the WTO to address China's unfair subsidies. If conditions don't improve, the plant may face closure, leading to job losses and reliance on foreign aluminum for companies like Airbus and Boeing.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of production did the Kentucky plant account for?

25%

10%

14%

20%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for the global oversupply of aluminum?

China's significant production

Decreased production in the US

Increased demand in Europe

Rising aluminum prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is China expected to boost its aluminum production?

4.4%

5.5%

2.5%

3.3%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the biggest cost facing aluminum smelters?

Power

Transportation

Raw materials

Labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action is being pushed for to address the unfair advantage in the aluminum market?

Lower power costs

Reduce global supply

Increase US production

World Trade Organization intervention