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THINK ALUMINIUM THINK AL CIRCLE
Alcoa Corporation projects a global aluminium deficit ranging between 1.7 million and 2.1 million metric tonnes with global demand growth in a range of 3 to 4%.
Total aluminium shipments are expected to be between 2.8 and 2.9 million tonnes, which reflects the expiration of a can sheet tolling agreement in the flat-rolled business. The tolling agreement’s expiration should have a negligible impact on Adjusted EBITDA for the year.
The company anticipates favourable impacts from spot prices for raw materials to be fully offset by higher energy costs in the first quarter, and to be partially offset for the remainder of the year.”
Based on current alumina and aluminium market conditions, Alcoa expects an annual operational tax rate ranging from 45 to 55 percent.
President and Chief Executive Officer Roy Harvey said: “With markets likely to remain dynamic in 2019, we will focus on what we can control to continue improving our operations, addressing challenges with agility, and making the most of opportunities in the year ahead.”
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