U.S. Aluminum Industry Gets No Respect

U.S. Aluminum Industry Gets No Respect

Assessment

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Business, Architecture

University

Hard

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Century's largest aluminum plant in Kentucky is struggling due to low aluminum prices, which are the lowest since 2003. The plant has reduced its workforce and production capacity, focusing on high-purity metal. However, global oversupply, driven by China's production and subsidies, exacerbates the issue. Power costs are a significant challenge, and there are calls for the WTO to address China's subsidies. If the situation doesn't improve, the plant may close, leading to job losses and forcing companies like Airbus and Boeing to source aluminum from abroad.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of production did the Kentucky plant account for?

20%

25%

10%

14%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is responsible for over half of the world's aluminum production?

United States

India

Russia

China

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected increase in China's aluminum production?

4.4%

5.5%

3.3%

2.5%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main cost concern for smelters in the aluminum industry?

Labor costs

Power costs

Raw material costs

Transportation costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might happen if the issues in the aluminum industry are not addressed?

Increased production

Job losses

Higher aluminum prices

More subsidies