Alcoa's net profit increases in Q1, benefited by strong aluminum prices

Tuesday, Jul 20, 2021

   According to the financial report from Alcoa, one of the main aluminum suppliers in the US, its total net profit in the second quarter of this year was around US$309 million, much better than the same period in last year’s US$197 million loss.

  Among them, the main reason for the great performance of Alcoa was the increasing aluminum market price and demand, which further push its turnover to a great level.
  By information from the London Metal Exchange, the total growth of aluminum in 2021 was around 27% recently, which was the best performance since 2008, and the market still believed the price would further grow in the future.

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