Arab Today, arab today alcoa mulls more capacity cuts
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Alcoa mulls more capacity cuts

Arab Today, arab today

Arab Today, arab today Alcoa mulls more capacity cuts

US aluminum giant Alcoa
New York - AFP

US aluminum giant Alcoa said Friday that it is weighing more cutbacks in its smelting and refining operations worldwide in the face of weak prices.
Alcoa, which has been paring operations for more than a year, said it would review over the next year 500,000 tonnes of smelting capacity and 2.8 million tonnes of refining capacity "for possible curtailment or divestiture."
That could turn into a 14 percent cut in the company's global smelting capacity and 16 percent of its refining capacity.
Alco said currently 19 percent of its smelting capacity of 4.17 million tonnes sits idle.
The company did not indicate where the plants that face possible shutdown are located.
"Alcoa continues to take decisive action, transforming its upstream portfolio to create a lower cost, globally competitive commodity business," said Bob Wilt, president of Alcoa's Global Primary Products division.
Aluminum prices have dropped about 30 percent since 2011, paralleling the slowdown in the economy of China, the key consumer.
At the same time, new refining and smelting capacity has come on line, especially in China, adding to the oversupply.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alcoa mulls more capacity cuts Arab Today, arab today alcoa mulls more capacity cuts

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alcoa mulls more capacity cuts Arab Today, arab today alcoa mulls more capacity cuts

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday