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Alcoa Cuts Smelter Capacity on Reduced Aluminum Prices

publication date: Jan 6, 2012
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Alcoa plans to scale back smelter capacity by 12% in the wake of weak aluminum prices, which have fallen by almost 30% since the peak last year. We remain on the sidelines with respect to Alcoa's shares and point to Precision Castparts as a better metals play.

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