Revenues rose 34.3% in the year so some strength is backward looking but going forward, the conference call highlighted ongoing resilience.
In bauxite, they noted all-time high prices and in alumina, they highlighted a tight market.
"In alumina, prices reached an all-time high in the fourth quarter as a result of a tight market on lower-than-expected supply... Demand remained strong from smelters, resulting in low stocks available in the alumina spot market, creating competition for alumina cargoes.""We continue to see demand strength in packaging and electrical conductor and electrical distribution," Oplinger said.
"China saw growth in all end uses except building construction, which led to strong primary aluminum demand growth in 2024," he said.
"In the U.S., transportation and automotive markets are showing signs of recovery, supported by real income growth and economic stabilization," he said.
"If there were to be tariffs on Canadian aluminum imports to the U.S., this would represent a threat to U.S. industrial competitiveness... Trade flows would likely be impacted such that U.S. aluminum imports would increase from countries like the Middle East and India."
This article was written by Adam Button at www.forexlive.com.Hence then, the article about alcoa highlights resilient aluminum demand in a good sign for the global economy was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Alcoa highlights resilient aluminum demand in a good sign for the global economy )
Also on site :