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Alcoa Subsidiary In Suriname Cuts Output By 40 Pct

Stock quotes in this article: AA , AWC  

PARAMARIBO, Suriname (AP) — A Surinamese subsidiary of U.S. aluminum producer Alcoa will slash alumina production by 40 percent because the global economic slowdown has lowered demand.

Suriname Aluminum Company LLC, known as Suralco, has no choice but to cut annual output by 870,000 metric tons, the South American nation's natural resources minister said Thursday.

"Suralco is currently losing $50 per ton, and cutting production means cutting losses," Gregory Rusland said in the capital, Paramaribo. ...

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