- Alcoa (NYSE:AA +1.1%) says it will cut 147K metric tons of capacity at two aluminum smelters in Brazil, as increased costs have made the plants uncompetitive.
- Alcoa had placed 460K metric tons of smelting capacity under review last year; once all announced curtailments and closures are complete, it will have ~800K metric tons, or 21%, of smelting capacity offline.
Alcoa to cut capacity at two aluminum smelters in Brazil
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