Alcoa of Australia Ltd., jointly owned by Alcoa Inc. (NYSE:AA) and Alumina Ltd., announced that it will review the future prospects of its Point Henry aluminum smelter in the state of Victoria due to tough global economic conditions.
As per Alcoa, the aluminum industry has been adversely affected by a number of factors, including metal prices, input costs and exchange rates, which have made Point Henry smelter unprofitable. Moreover, the smelter is under review due to the increasing value of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards