CAPITAL MARKETS

Lower prices hurt Alumina, Alcoa

ALCOA has posted a steep fourth quarter loss due to restructuring costs as a result of lower alumina and aluminium prices.

Kristie Batten
Lower prices hurt Alumina, Alcoa

The US major recorded a December quarter net loss of $US500 million, but excluding special items, the result was net income of $65 million. The special items mainly related to closures and curtailments...

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