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Losses slowly narrowing for Alcoa

ALUMINIUM producer Alcoa has posted a $US194 million ($A209.6 million) loss for the March quarter, with results being impacted by restructuring and special charges of $295 million relating to the permanent closure of two North American smelters.

Kristie Batten
Losses slowly narrowing for Alcoa

Production at the smelters in North Carolina and Maryland has been curtailed since 2002 and 2005 respectively, and restructuring and environmental costs to permanently close them during the quarter totalled...

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