The Canadian PressMay 1, 2013 13:15
MONTREAL - Alcoa said it may curtail about one quarter of its global aluminum production as the company and its industry rivals continue to adjust to low metal prices.
The U.S.-based company said Wednesday it may curtail an additional 460,000 tonnes of aluminum capacity, or 11 per cent of its global output.
Alcoa (NYSE:AA) has already idled 568,000 tonnes of production capacity, or 13 per cent of its global network.
The company, which has large operations in Quebec, did not say what countries or regions of the world are being considered as part of its 15-month review.