- Aluminium major Alcoa Corporation reported a 10% decline in primary aluminum production in its Q1CY’22 results announced on 20 Apr’22. The alumina segment saw production inching down 2% q-o-q.
- However, the company’s net income improved to $469 million compared with the previous quarter’s net loss of $392 million.
- Alcoa ended the quarter with cash on hand of $1.6 billion due to strong market prices, SteelMint learnt from sources.
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