- Reuters•7 hours ago
A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued that China's aluminum industry had been a major contributor to the global economy. "We believe we can effectively address the global aluminum industry's challenges through dialogue and cooperation," officials from the China Nonferrous Metals Industry Association said in a submission.
- The Wall Street Journal•9 hours ago
Alcoa Inc. said the split announced a year ago, separating its more profitable parts-making units from its raw aluminum operations, will take effect on Nov. 1.
- Reuters•9 hours ago
Aluminum producer Alcoa Inc said on Thursday its split into two publicly traded companies is expected to be effective Nov. 1, after the company's board approved the separation. Alcoa said last year it would break itself in two, separating a faster growing plane and car parts business from the traditional aluminum smelting and refining operations, as shareholders sought higher returns amid a commodity slump. The aluminum producer had said it would change its name to Arconic Inc and focus on engineering products for aerospace and automotive businesses, and spin off its smelting and refining divisions into a new company, Alcoa Corp.
Alcoa Inc. (AA)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||10.01 x 4800|
|Ask||10.02 x 400|
|Day's Range||9.83 - 10.10|
|52wk Range||6.14 - 11.50|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-22.59|
|Avg Vol (3m)||16,595,962|
|Dividend & Yield||0.12 (1.24%)|