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

Tuesday, Jul 20, 2021
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   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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