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Alcoa (AA -1.8%) plans to review 460K metric tons of capacity over the next 15 months for...

Alcoa (AA -1.8%) plans to review 460K metric tons of capacity over the next 15 months for potential curtailment, ~11% of global capacity, in a bid to compete in a market where aluminum prices have plunged more than 33% since peaking in 2011. Alcoa already has 13% of its smelting capacity idle; just weeks ago, it reported solid demand in its auto and aerospace end markets.
Comments (3)
  • Seth Walters
    , contributor
    Comments (676) | Send Message
     
    Well Alcoa certainly doesn't think that the macro demand outlook is any too rosy.
    1 May 2013, 02:42 PM Reply Like
  • Nitrexx11
    , contributor
    Comments (69) | Send Message
     
    Shouldn't this tighten up the supply and price of aluminum a bit?
    2 May 2013, 03:53 AM Reply Like
  • Michael Hagan
    , contributor
    Comments (91) | Send Message
     
    It's all about sustainable competitive advantage. Where is it coming from in the future?
    Former employee
    20 May 2013, 06:00 PM Reply Like
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