Alcoa's Retreat From Trademark Metal Is Boon to Profit: Chartby
Alcoa Inc. is backing away from the U.S. aluminum industry it invented over a century ago. And that’s good news for earnings.
With aluminum stuck near a six-year low, the New York-based company is doing everything it can to stop domestic and other unprofitable production. While oversupply is expected to keep prices in a bear market, demand for the metal sheets and parts Alcoa makes for airplanes, cars and other industries is climbing, and 2015 is expected to be its most-profitable year since 2011.