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Brazil Drought to Take Bite Out of Top Aluminum-Maker Earnings

  • Votorantim’s CBA sees Ebitda as much as $34 million lower
  • That’s about 25% of company’s first half earnings before items
Aluminium Recycling and Production As Brazil Produces 61.4 Thousand Tons In September

Photographer: Paulo Fridman/Bloomberg


Brazil’s worst drought in nearly a century is starting to show its potential damage to corporate results. 

Votorantim’s aluminum unit CBA, one of the country’s largest makers of the metal, said Thursday its Ebitda can dwindle by as much as 180 million reais ($34.2 million) in the second half of the year. In the first six months of 2021, the firm reported adjusted earnings before items of about 720 million reais.