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Alcoa slashing production in Brazil

March 28, 2014 - 23:11 GMT Location: Chicago

KEYWORDS: Alcoa , aluminium , Robert Wilt , Pocos de Caldas , Rio Tinto Alcan

Alcoa plans to stop smelting aluminium at its first plant in Brazil and will further cut production at another smelter.

"Across the globe, we are taking measures to curtail high-cost smelting capacity that is not competitive and reshape our cost profile," Robert Wilt, president of Alcoa's global primary products division, said in a statement. Alcoa, which cut 34,000 tonnes of annual capacity at its Pocos de Caldas smelter in Brazil last year, now plans to idle the last three potlines, which have an annual capacity of 62,000 tonnes. Alcoa also intends to curtail production at...

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