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(Updates with detail on output cut, background)
March 15 (Reuters) - The Australian unit of U.S. aluminium producer Alcoa Corp said on Wednesday output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358,000 metric tonnes per year, citing instability and production challenges.
Australia's Alumina Ltd owns a 40% stake in Alcoa Australia, which holds a 55% stake in the Portland Aluminium joint venture.
The smelter, which was previously operating at abo...
>>> Read more: UPDATE 1-Alcoa Australia to cut Portland aluminium smelter output to 75% capacity
March 15 (Reuters) - The Australian unit of U.S. aluminium producer Alcoa Corp said on Wednesday output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358,000 metric tonnes per year, citing instability and production challenges.
Australia's Alumina Ltd owns a 40% stake in Alcoa Australia, which holds a 55% stake in the Portland Aluminium joint venture.
The smelter, which was previously operating at abo...
>>> Read more: UPDATE 1-Alcoa Australia to cut Portland aluminium smelter output to 75% capacity
