aluminium

Alumina Shares Fall as Alcoa Closes 12pc of Smelting Capacity


Shares of Alumina (AWC) declined this morning more by more than 3 per cent after US aluminium producer Alcoa Inc. (AAI) announced that it would permanently shut down 12 per cent of its aluminum smelting capacity due to weakened prices of industrial metal. Alumina currently owns 40 per cent stake of the US aluminium producer.

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