Aluminum Investing News » Alcoa Inc. crushed by low aluminum price

Alcoa Inc. crushed by low aluminum price

April 3, 2009 @ 11:11 am In Aluminum Company News

Wall Street is expecting aluminum producer Alcoa Inc to declare a second consecutive quarterly loss next week, mostly because the metal's price has dipped 9 percent this year.

Analyst Charles Bradford of Bradford Research stated:

The metal price is down, that's the key.

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[1] here: http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKN0331739820090403