UPDATE 2-Alcoa cuts alumina output as oversupply dents prices
April 05, 2012 at 15:38 PM EDT
* Alcoa to cut annual alumina refining capacity by 390,000 T * Output reduction follows January's smelter capacity cuts * Producer also cites prevailing market conditions By Carole Vaporean NEW YORK, April 5 (Reuters) - Alcoa Inc, the U.S. aluminum giant, plans to cut alumina production in the Atlantic region by 4 percent, becoming the first producer to take measures aimed at reducing oversupply that has lowered prices to around $300 per tonne. The move follows a slump in
