Alcoa to Close or Curtail Some Smelting Capacity
Alcoa announced that it will close or curtail 164,000 metric tons of smelting capacity in the U.S. and Brazil as part of its review in May. One potline representing 40,000 metric tons at the Massena East plant in New York will be permanently closed. In addition, the company has started to temporarily curtail 124,000 metric tons at its smelters in Brazil. The closures and curtailments will be complete by the end of September. Once the Massena and Brazil closures and curtailments are complete, Alcoa will have 16%, or 646,800 metric tons, of smelting capacity idle.