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Alcoa trims 2023 capex guidance by 10%

US-based Alcoa has cut its 2023 capital expenditure guidance by US$60 million to $540 million amid weaker metal prices and higher alumina production costs and after recording a loss in its second-quarter earnings.

Nathan Richardson
Alcoa aluminium

Alcoa aluminium

The company's April-June adjusted EBITDA came in at $137 million, which is down from $913 million a year earlier, and from $240 million in the January-March period. This fell short of the consensus...

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