in in at of cycle macro If of months. respect, Slide currents saying environment to joining quick Thanks I a us usual, complex pretty this sector we thank you the of with give the a it you rundown difficult it goes afternoon. think could a -- cross that in and find we so as obvious play. a where of lot, last and you operate for thanks, please, I'll and are level. exactly to we course, couple continue we on a all It -- that many more turn dynamic Shelly, more In say to this without X, to
you of as fundamental from on reflect just usual. where a standpoint. couple That are minutes, said, we to in worthwhile Craig give will detail think a some it's we
in my second couple continue put in of the deficit will into aluminum just comments the half was points market me of year. of to Let quarter, context. this second The into and primary rest make the a this
range rest the million both come continue entire produce expected in China global tons, deficit is and of Total levels tightness globally to Stocks deficit still and at are to in for for all fall, generally a indicate and of the one to sit a otherwise, XXXX. in the modest both supply. warehouse the one considered forecast to the year, underpinned world. That's they and that's The in, currently balanced half consumption real to around expectations. in only in by growth forecast of world
consensus of essentially of X% The the for full rest for world China, year than the less growing with example, at the flat.
trade growth be risk to saying, for So our the still balance It of 'XX. to months in upside flat move appears the terms XXXX if can and than the conclusion being policy. couple two next the most needle The basically relations without be obvious that of the ones way. deficit goes monetary various is either line global the global telling of is versus better will developments
couple of quick since in we with the a in trade Just you April. developments late spoke comments on environment
accommodation in the As and aware, very you're reached the Canada U.S., on all metal Mexico tariffs mid-May. an well
structure the is thought that's continue place support XXXX. remedy said to well the early the think in at and we since we out, As time, we'll been
if accommodation data, participants stipulates both the As says, not means abused. the quickly monitor We and administration closely to and an the if doubt -- what should exceed imports will convinced the will understand you've taken Commerce this combination historical all U.S. that it we're is of read, a the action believe no levels. Department aggressive market leading be agreement real-time that
capacity. Brazil the supply take digested globe the developments to developments of Alunorte reasonably the of plan Other as meaningfully. especially believe, expected the to course, to even market come around And plant Moving exacerbated plant seen production online with point, in we've We on, really see developments up will we not the is full the evidence should the in in yet meaningful this Atlantic year. ramp at further And alumina. expected, as supply Market half participants, the for be it have in well expected, fallen that is on this back proceeding has are precipitously. daily supplied, Basin, pace. price and this up
of The and the sits metal metric price the value. to that what over price we be represents a fair index currently is just now ton, $XXX believe close to at long-term slightly The not below reasonable demand XX% reality. we a period the well until continue could fall but can supply to very uncertainty, time grow believe into the of value long-term It's for new price. the range price fair spot
I'll make a operations, but just some here. comments by in me facility to give minutes, couple detail let you few Turning quick of a
Our fantastic this a each plants heat They've of We're teams, plants. stable. really are we've at our proud last of especially the real over part in done of country the job. U.S., where some Southeastern lot got, month and the largely a activity of in obviously, the
As a potlines rebuilt operating. three reminder, has Hawesville newly
rebuilt. The first took line process is down in the end of we the process on the is That being currently schedule. of toward quarter
bringing last The haven't our and in be limping online rebuilt, continuously have we a first the line and January up is potline still cells As reminder, yet that of so along. to by plan is last end those to the that operating, it's quarter. this line the running begin back fully to
of this you confident line keep this for point, of that way their goes guess, economic I remain They're the of told going -- continue year. sales the to remain the they can say, April, of as that that expected. saying. data, we late until we most remainder fragile, and expiry line can a intend chunk to I as run fail past without we in At year. much possible we The As as
original is this is again, down last the you -- that's plan intend running, line part the and and year we we rebuild to well. take intend ago. back as we And half a line currently gave a of this and all When rebuilt up it
raw to the remain of do risk degradation example, material quality. cells, to a the Given exogenous is for We here. like, given, downside the in events exposed their fragility again, the there age
that this seen some more year. just minutes. a already in examples couple We've you of give detail some I'll of
Moving it agreement We XX% the province. on, we our plant our partner, a anode to sold quarter to in shareowner. sell Guangxi in interest during reached an our major
Craig will take and received cash proceeds you we've and receive. the thus to through the expect economics far
supplier that For rationale those in the has that Netherlands. and helped at of from construction recall last very the will you the straightforward, initial for been plant as company the to partner at decade. plant company high-quality investment a called, very good really to small a buy late the some part to you our intend going we who completion supply the of ours, BHH, have continue anodes position following the is that's been of and time, fund what our and of is big forward. of in rebuild anode The short them in divestiture furnace of the second be for Grundartangi the a consistent,
that obviously own plant XXX%. We
months been As that second end there immediately by out the early and of of a that the to one plant bought furnaces We we reminder, We its design the have of bankruptcy ago. rebuilt took baking of this life. a operating two couple one down one decade.
weeks project that and finished with schedule of of a couple on rebuilt, Now ahead budget.
sell systems. new we from we've best-in-class supply now plant And efficiencies, that as vast with has that environmental anode structure cash So and I China. said, supply requirements. now landed Grundartangi can a of the cost -- production cost And got essentially below importantly, a majority of
plant buy view the continue more to you I'll time, we'll year industry. I to China in every And need give we couple a from BHH. Craig said, the that as with over one Grundartangi to of through from you And that tons of take that, for
