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Alcoa to Curtail Refining Capacity

The curtailments will reduce Alcoa’s refining capacity in the Atlantic region by about 4 % and are already underway. The Atlantic region represents about 50 % of Alcoa’s total global refining capacity of 18 Mt/a. In January of this year, Alcoa announced the closure or curtailment of 531000 t of smelting capacity. Of that, 291000 represented the permanent closure of capacity in Tennessee and Texas that had been idled since 2009. Another 240000 m, or 5 % of Alcoa’s smelting capacity, represented curtailments to be taken in Portovesme, Italy and La Coruña and Aviles, Spain. Alcoa has reached agreement with government authorities and unions in both Italy and Spain on the curtailments. The 90000 t curtailment in the Spanish smelters has started and is scheduled to be complete by the first half of this year. The smelter in Portovesme, Italy, with a capacity of 150000 t, will finalize curtailment by the end of the year (4/2012).

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