USA: Alcoa Corp posts weak financial performance in Q3CY22

  • Alcoa Corporation has posted a 22% decrease in revenue at $2,851 million in Q3CY22 as against $3,644 million in Q2CY22 primarily due to lower alumina and aluminum prices.
  • The company recorded a quarterly net loss of $746 million in Q3 and adjusted EBITDA excluding special items was at $210 million, a fall of 77%.

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