Benefited by strong aluminum prices. Alcoa's net profit increases in Q1
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Update time : 2021-07-16 17:43:33
Ane of the main aluminum suppliers in the US, its total net profit in the second quarter of this year was around US$309 million, much better than the same period in last year’s US$197 million loss.
Among them, the main reason for the great performance of Alcoa was the increasing aluminum market price and demand, which further push its turnover to a great level.
By information from the London Metal Exchange, the total growth of aluminum in 2021 was around 27% recently, which was the best performance since 2008, and the market still believed the price would further grow in the future.
