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Alcoa (AA) will take restructuring charges of $0.15-0.16 in Q4 as it cuts global smelting...

Alcoa (AA) will take restructuring charges of $0.15-0.16 in Q4 as it cuts global smelting capacity by 12% (531K metric tons) to catch up with the drop in aluminum prices, in news delivered ahead of Monday's earnings kick-off. The plans include permanent closures to three smelters in Tennessee and Texas. AA -1.2% AH.
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