Alcoa cuts some aluminum production at Indiana mill (NYSE:AA)

Alcoa cuts some aluminum production at Indiana mill (NYSE:AA)

Jeff Swensen/Getty Images News

Alcoa (NYSE:AA) said Friday it will immediately curtail one of three operating smelting lines at its Warrick Operations facility in Indiana, citing “operational challenges.”

Each of the three smelting lines at Warrick have ~54K metric tons/year of annual capacity, with total nameplate capacity of 269K tons/year across five potlines, including the three operating potlines with 161K tons/year of capacity.

The company announced earlier this week that it gained improved terms with an amended and restated $1.25B revolving credit facility.

Alcoa’s (AA) stock market value was cut roughly in half during Q2, as aluminum prices plunged nearly 30% in the period.

Originally Posted on: https://seekingalpha.com/news/3853776-alcoa-cuts-some-aluminum-production-at-indiana-mill?source=feed_tag_commodities
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