2024-04-19 12:04:46 ET
Summary
- Alcoa may face significant challenges in restarting their Alumar facility and selling the unviable San Ciprian complex.
- Aluminum prices may be supported by the Biden administration's proposed trade tariffs on Chinese steel and may benefit Alcoa's journey towards profitability.
- Alcoa is positioning itself to capture growth in the expanding aluminum market driven by renewable energy and electric vehicle adoption.
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Alcoa Corporation Faces Major Operational Headwinds Into The End Of FY24