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0.000334672021418943 -0.000669344042838004 -0.000669344042838004 0.00200803212851401 -0.00167336010709507 0.000669344042838004 -0.016566265060241 -0.0214190093708166
Stock impact report

CORRECTED-COLUMN-The aluminium puzzle: record deficit but bombed-out price: Andy Home [Reuters]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Reuters
The aluminum puzzle: record deficit but bombed-out price: Andy Home | Reuters 7 Min Read LONDON (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters) A new year but the same old problems for aluminum. “When you look at the economics of producing aluminum, these prices cannot be sustainable.” That was the stark message from Roy Harvey, president and chief executive of U.S. aluminum producer Alcoa, speaking on the company’s Q1 results call. With the London Metal Exchange (LME) aluminum price languishing near two-year lows at a current $1,870 per tonne, Alcoa estimates some 30 to 40 percent of the world’s smelters are losing money. Alcoa’s own aluminum smelting operations recorded a net operating loss of $53 million in the fourth quarter of 2018. It is in the process of closing two Spanish plants, another rejig of its smelter portfolio aimed at being “competitive through all cycles”. The current pricing reality jars with Alcoa’s assessment that the gl Show less Read more
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