Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Alcoa Inc and more

In today’s briefing:

  • Alcoa Corp: The Alumina Price Upside & Other Drivers

Alcoa Corp: The Alumina Price Upside & Other Drivers

By Ishan Majumdar

  • Alcoa Corp is seeing improving shipment volumes and benefitting heavily from the stronger U.S. dollar as well as the higher alumina price index.
  • Higher costs and lower aluminum and alumina premiums combined with lower metal prices, which included about $40 million to set inventories to net realizable value, more than offset those advantages.
  • It is worth highlighting that Alcoa holds accreditations from the Aluminum Stewardship Initiative, the most comprehensive independent system for auditing ethical aluminum production.

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