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

|By:, SA News Editor

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.