Is the world aluminum crisis peaking yet?

Read here about the coming shake up in the aluminum industry, consequences of too much debt. Is world aluminum crisis peaking? Click here to read why the major problem is debt… Despite being loaded with debt, this leading aluminum producer as you can read here manages to convince his government to – perhaps! – pursue two major projects; while this country - click here and scroll way down for the story - is worried that the Chinese aluminum industry may become too influential, and this other major producer changes the pilot to weather consequences of overwhelming debt, consequence of an orgy of leveraged acquisitions. BHP, in a similar situation, sells interests in alumina to Alcoa. In the meantime, aluminum investors who enjoy a strong balance sheet and plan for integrating their energy supply are going ahead with their projects. One of them even discovers with surprise that his greenfield will cost 20% less than expected! Other sound producers in less favored countries pursue their expansions. In Europe, the last smelters threatening to shut down - click here and scroll down - try a last effort to convince Germany that its utilities must be more competitive, even if compared only to their European competitors.