Alcoa reports earnings this Wednesday. The aluminum manufacturer is hoping to boost earnings by producing less aluminum, or smelting. Increased competition, especially from China, is pressuring Alcoa to reduce costs, close smelting plants and focus on more sophisticated finished aluminum products. This part of a strategy to compete against China, which once produced 5 percent of the world’s aluminum. Now it produces 50. And it’s being exported.
Click the media player above to hear more.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.