Market News
Global aluminum supply facing trouble due to strikes
It was reported that the labor union from Alcoa Corporation, a US aluminum company located western Australia, already launched the strike because they did not reach the wage agreement with employer. 

Mike Zoetbrood, the state secretary of Australian Workers' Union, said that there was a strike with around 1,600 labors in the refinery in west Australia- Wageru, Pinjarra, Kwinana and the Bauxite in Huntley and Willowdale. The union has spent 20 months to negotiate with Alcoa corporation, but there was still no any conclusion at all. Those miners could produce 9 million tons of bauxite and 5 million tons of alumina annually.

The United Company RUSAL (RUAL) said that its the production line to supply the US domestic and other foreign market would be closed if the US could not stop the sanction against Russia aluminum. RUAL expressed that the Nadvoitsky aluminum smelter would shut down due to unstable raw material source.