The CEO of Alcoa Corp. said that the company's production base in Spain is constantly worsening in terms of losses, and there is almost no other choice but to close the factory. William Oplinger said in a conference call with analysts on Wednesday that the San Ciprian plant is suffering significant losses. The plant's utilization rate of alumina production capacity is 50%, and it has a completely closed aluminum smelter. He stated that as the largest aluminum producer in the United States, the company is economically unreasonable to phase in the restart of the aluminum smelter this year according to previous agreements.
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