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A worker inspects a finished rolls of aluminum at the Alcoa Warrick Operations in Newburgh, Ind. (DANIEL R. PATMORE/AP)
A worker inspects a finished rolls of aluminum at the Alcoa Warrick Operations in Newburgh, Ind. (DANIEL R. PATMORE/AP)

Alcoa to cut global capacity by 12% Add to ...

Alcoa Inc. says it will slash its global aluminum smelting capacity by 12 per cent as the sputtering global economy sends prices for the metal plummeting.

Alcoa, the largest U.S. aluminum maker, said it plans to close or curtail about 531,000 tonnes of capacity to help improve profit margins and stay competitive.

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