Alcoa Inc. (AA) said Wednesday it is reviewing the viability of its Point Henry aluminum smelter in Victoria state after a high Australian dollar, weak metal prices and rising costs made it unprofitable.

Alcoa said in a statement its aim was to keep the Point Henry smelter in Geelong open, but it may shut down production if profitability targets aren't met.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

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