Alcoa Takes Hit from Falling Prices in Second-Quarter 2013, but Expects Demand to Stay Strong

SUGAR LAND--July 10, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Aluminum producer Alcoa Incorporated (NYSE:AA) (Pittsburgh, Pennsylvania) saw its profits decline in the second quarter of 2013 as falling metal prices and a series of charges related to the closing, restructuring and legal activities offset record profitability in the company's downstream businesses. Industrial Info is tracking more than $5.1 billion in active Alcoa projects that are under way in response to growing demand.