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Alcoa Inc (ASX:AAI) has posted a big final quarter loss, reporting a $US1.7 billion non-cash impairment charge on past smelter acquisitions.
The net loss came in at $US2.3 billion, with revenue hitting $23 billion.
Low aluminium prices have hurt the performance of Alcoa's upstream segments, which mine bauxite, refine it into alumina and smelt alumina to produce aluminium.
Sales declined to $US5.59 billion from $US5.9 billion.
However Alcoa is optimistic about the year ahead, forecasting 7 per cent growth in global aluminium demand in 2014.
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Last
$45.29 |
Change
-1.640(3.49%) |
Mkt cap ! $2.922B | |||
| Open | High | Low | Value | Volume |
| $45.44 | $45.94 | $45.13 | $242.5K | 5.339K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $45.29 |
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| Price($) | Vol. | No. |
|---|---|---|
| $45.45 | 72 | 2 |
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| Last trade - 10.18am 12/08/2025 (20 minute delay) ? |
| AAI (ASX) Chart |