Alcoa, Inc. (AA) Financial News - Alumina First-Half Profit Jumps 53% on Higher Demand, Prices
Alcoa, Inc. (AA)
Alumina First-Half Profit Jumps 53% on Higher Demand, Prices
2011-08-12 03:33:00
Quote: Alumina owns 40 percent of the Alcoa World Alumina &
Chemical venture and Alcoa, the largest U.S. aluminum producer,
the balance. The venture produces one quarter of the world’s
alumina, which is refined into aluminum.
Alcoa World “has successfully based all new contracts
entered into in the second half of 2010 on the alumina price
indices†and “these contracts are for delivery in 2011 and
beyond,†Alumina said. Its realized prices climbed 28 percent
from the first half of 2010, the company said.
soraya@bloomberg.netTim Smithtsmith58@bloomberg.net
ahobbs4@bloomberg.netrkeenan5@bloomberg.net ...Open whole article (external link)