Alcoa Falls After Forecasting Aluminum Oversupply in 2015

April 8, 2015 9:12 PM

58 0

Alcoa Inc., the largest U.S. aluminum producer, fell after saying there there will now be an oversupply as Chinese output continues to expand.

Worldwide output will exceed demand by by 326,000 metric tons, the company said Wednesday in its first-quarter earnings statement. That compares with its January projection for a 38,000-ton deficit.

Also read: Uber Rival Grab’s Fundraising Values It at $6 Billion

Read more

To category page