Alcoa income up despite weak LME
Apr 08, 2013 | 05:03 PM
NEW YORK Weaker aluminum prices on the London Metal Exchange and lower sales volumes weighed on Alcoa Inc.s revenue in the first quarter, but productivity improvements and a more favorable value-added product mix helped to boost the companys net income compared with the same period last year.
"This was a strong quarter led by record profitability in our downstream business, improved results in our midstream business and remarkable upstream performance in the face of weak metal prices," Klaus Kleinfeld, Alcoas chairman and chief executive officer, said in a statement.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.