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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
$47.94 |
Change
0.740(1.57%) |
Mkt cap ! $2.985B | |||
| Open | High | Low | Value | Volume |
| $47.32 | $48.11 | $47.24 | $66.31M | 1.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 327 | $47.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $48.20 | 85 | 1 |
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| Last trade - 16.10pm 05/09/2025 (20 minute delay) ? |
| AAI (ASX) Chart |