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Aluminum's Green Cloak Masks a Black Heart [Bloomberg Business News]

ALCOA (AA)  More Company Research Source: Bloomberg Business News
Last alcoa earnings: 10/17 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Aluminum likes to cherish its image as the green metal. Endlessly recyclable and – in North America and Europe at least – largely manufactured using renewable hydroelectric power rather than the dirty coal used to produce steel and cement, its reputation is so solid that Apple Inc., Alcoa Corp. and Rio Tinto Group are aiming to make it even greener . A joint venture between Alcoa and Rio Tinto, with support from Apple and the Canadian government, will aim to make aluminum by 2024 with an innovative process that removes the carbon anodes that have been used in the smelting process ever since it was developed in the late 19th century. Carbon Conundrum The vast majority of the industry's carbon emissions come from electricity generation Source: International Aluminium Institute That’s a worthwhile ambition. Aluminum is made in high-temperature electrolysis cells where powerful currents are passed through molten aluminum oxide – otherwise kn [Read more]

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