ZALK's Primary Aluminum Output Slips -4.5% yoy In 11M

The Zaporizhya Aluminum Mill (ZALK: HOLD) produced 84 ths mt of primary aluminum in 11M, down 4.5% yoy (near our forecast of -5% for 2006). The company’s alumina production was flat over the same period at about 235.7 ths mt. ZALK increased aluminum wire production by 15.5% yoy in 11M to 19.2 ths mt.