Alcoa Shares Tumble After Cyclone Cuts Alumina Output Forecast
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Alcoa Corp. cut its production forecast for alumina after operational problems at an Australian refinery weighed on output. This overshadowed a quarter in which higher aluminum prices helped lift the metal producer’s revenue.
The operational issues at the refinery have raised concerns about future production levels, impacting investor sentiment and leading to a decline in Alcoa's share price.
Alcoa
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“Alcoa Corp. cut its production forecast for alumina after operational problems at an Australian refinery weighed on output, overshadowing a quarter in which higher aluminum prices helped lift the”
Bloomberg — Alcoa Shares Tumble After Cyclone Cuts Into Alumina Output