The top US aluminium producer and its partner South32 Ltd will spend about US$75mil (RM314mil) to restart Alumar in northeastern Brazil, it said in a statement
NEW YORK: Alcoa Corp is pulling the trigger on a project to restart an idled aluminium smelter in Brazil after prices of the metal surged to a 13-year high amid Chinese output cuts.
The top US aluminium producer and its partner South32 Ltd will spend about US$75mil (RM314mil) to restart Alumar in northeastern Brazil, it said in a statement.
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