Alcoa faces challenges this year. A possible ban by the London Metal Exchange (LME) or the US on Russia, the world's second-largest rare earth producer, also added to market uncertainty. Certainty, a series of issues dented the company's profitability.
Alcoa's shares recovered despite a surprise quarterly loss.
The company just warned investors last month that it was being squeezed by rising costs and falling aluminum prices.
Shares in Alcoa, however, rose by 9.5% on New York Stock Exchange last Thursday. A recovery in metals prices boosted shares of Alcoa and other aluminum and steel makers, eclipsing concerns about slowing demand for metals in the heavy industry around the world.
Aluminum rebound boosts Alcoa, easing fears of global slowdown
24 Oct 2022 16:16 reported by Cris Chen
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