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Aluminum Ingot
14.8% $3.4 billion
Alcoa segments that sell products
to this market: Primary Metals
 Aluminum ingot is an internationally
produced, priced and traded commodity whose principal trading market is
the London Metal Exchange, or LME.
Worldwide primary aluminum capacity
is estimated at 26.1 million mtpy, of which about 10% is currently idle. Alcoa has 4.1 million mtpy of smelting capacity, including some 635,000 mtpy idle at the end of 2001. Electricity shortages closed two Alcoa smelters in the U.S. Pacific Northwest and reduced production at Alcoa's two smelters in Brazil.
Alcoa produces aluminum ingot primarily to use in further fabrication of higher value products. Ingot shipments to third parties in 2001 were 49% of total
aluminum shipments.
Alcoa generates approximately 25% of the power used by its smelters.
By forming a strategic alliance with Aluminum Corporation of China Limited (Chalco), Alcoa becomes the first aluminum company to establish a foothold in primary aluminum production in China, the fastest growing market in the world.
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