Alcoa Posts Loss For Q2

  • Wednesday, July 11, 2012
  • Source:

  • Keywords:Aluminum
[Fellow]
[Ferro-Alloys.com] Alcoa, the world's third largest producer of aluminum posted loss for the second quarter of this year, due to continuously falling aluminum prices.
 
The firm posted a net loss of US$2 million, falling substantially by a net profit of US$322 million in the same period of a year earlier.
 
In the given period of time, the firm’s average excercise prices of aluminum reduced by 18% year on year and dropped by 4.3% from a quarter ago. However, its shipments of aluminum products rose by 2.9%.
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