Norsk Hydro to cut aluminium output by 20% at Slovak plant due to weak demand
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OSLO (Reuters) - Norsk Hydro , one of the world's biggest aluminium producers, said on Monday it plans to cut production by 20% at its majority-owned Slovalco plant in Slovakia, citing a weakening market.The plant has an annual production capacity of 175,000 tonnes of primary aluminium, the firm said."This is in line with what we have said earlier: that we see a demanding market, it is something we've seen throughout the autumn, and we have lowered our growth forecast throughout the year," Norsk..