Alcoa Plans to Curtail Smelters in Italy and Spain

Operations at Alcoa’s Portovesme, Italy, as well as La Coruña and Avilés, Spain, smelters are designated for curtailment, with the intended actions to be completed in the first half of 2012. The facilities are among the highest-cost producers in the Alcoa system. Last week, Alcoa announced the permanent closure of the Company’s smelter in Alcoa, Tennessee, and two potlines at its Rockdale, Texas, smelter. The curtailments represent 240000 t, or about 5 %, of Alcoa’s global smelting capacity. Total capacity at Portovesme is 150000 t. Capacity at La Coruña and Avilés is 87000 and 93000 t/a, respectively (1/2012).