“Aluminum manufacturer Alcoa is going through a rough patch as its profitability has taken a beating lately due to falling alumina prices arising from oversupply of the commodity.
Alcoa is a major global producer of aluminum and related products and could play a vital role in bringing prices back to previous levels if it continues to cut capacity. In April, it cut nearly 390K tons in smelting capacity and might have to cut more assessing the market, going forward.”
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