Alcoa Says 2021 Looks Better for Aluminum, but Don't Expect Any Miracles
Attachment: Alcoa 1Q21
SUGAR LAND--January 22, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Alcoa Corporation (NYSE:AA) (Pittsburgh, Pennsylvania) is warning its peers in the Metals & Minerals Industry that their market will not look substantially better anytime soon. The aluminum producer expects rising costs and lower selling prices (particularly for bauxite) will hit its bottom line in first-quarter 2021, while its aluminum shipments for the full year are expected to be between 2 million and 2.8 million metric tons--down from 3 million in 2020. Industrial Info is tracking more than $1.3 billion in active projects involving Alcoa, with Australia accounting for the highest number of projects.
Within this article: Details on some of the major active projects from Alcoa, including a plant closure in Texas and several international expansions with government support.
