02 AUGUST 2011istockanalyst.com
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Edited by : AL CIRCLE
1 min read
Alcoa is one of the world's largest producers of aluminum and aluminum-related products. The company operates numerous aluminum mines and smelters across the globe and is expanding into emerging markets where demand is on the rise.
Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter, Alumina shipments grew 11.8 percent year-over-year, Flat-Rolled Products shipments increased 24.8 percent year-over-year, and Engineered Products and Solutions shipments increased 23.9 percent year-over-year. Primary Metals shipments were flat compared to the year-ago quarter.
Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter, Alumina shipments grew 11.8 percent year-over-year, Flat-Rolled Products shipments increased 24.8 percent year-over-year, and Engineered Products and Solutions shipments increased 23.9 percent year-over-year. Primary Metals shipments were flat compared to the year-ago quarter.
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