On 1 May Alcoa announced that it will review 460,000 tonnes of smelting capacity over the next 15 months for possible curtailment in an effort to maintain competitiveness, as aluminium prices have fallen more than a third since their peak in 2011. The review will include facilities throughout the concern, and will focus on higher-cost plants and plants that have long-term risk due to high energy costs or regulatory uncertainty. The possible curtailments could affect 11 percent of Alcoa's global smelting capacity. Currently, the company has 13 percent, or 568,000 tonnes of smelting capacity idle.
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