Alcoa Banks on Global Aluminum Deficit as it Pushes to Split into Two Companies
SUGAR LAND--January 14, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Having slashed its own production capacity, Alcoa (NYSE:AA) (New York City, New York) is banking on the global aluminum market to swing into a supply deficit by the end of the year. The industry giant plans to split itself into two separate companies this year--one focused on upstream markets, and the other on value-added products. Industrial Info is tracking 51 Alcoa projects worth $6.07 billion. Within this article: Details of Alcoa's fourth-quarter 2015 and full-year earnings results.
