It was reported that Alcoa foresaw a drop in its aluminum business in the fourth quarter compared to the previous quarter due to the impact of US’ 232 tariffs and higher costs of electricity, maintenance, and seasonal employment. However, the profit was still better than expected.
Besides, under the COVID-19 epidemic influence, Alcoa has taken some measures to reduce costs.
Alcoa sees drop in Q4 aluminum business due to rising costs
16 Oct 2020 14:29 reported by Joy Liu
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