Alcoa To Separate As Aluminum Glut Pressures Costs

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``Our gas prices put us behind the eight ball,'' says Hal Reagan, a spokesman for Alcoa's Rockdale operation. That is dearer than the hydropower different smelters have entry to, Mr. As of Wednesday, the value of aluminum at the London Metals Exchange had risen to $0.fifty eight per pound - still nicely below its peak of more than $1 within the late 1980s. TITAL has accelerated Alcoa's expansion past aluminum into different light-weight materials, with titanium additionally playing a key role in producing custom-made elements, Ev tasima parts, and other products for the aerospace trade. The smelter, Alcoa's costliest to operate, burns lignite mined on its 30,000-acre site. Firth Rixson has allowed Alcoa to double its average revenue content material on essential jet-engine programs for main plane producers. However, Russia, the US, and 4 different aluminum-producing nations recently struck an informal agreement to reduce production. Alcoa's latest acquisitions have dramatically broadened the company's attain in aerospace.