Alcoa optimistic about 2020 aluminum demand despite Q4 loss in 2019
Aluminum giant Alcoa reported its sales value dropping by 27% year on year to US$2.44 billion in the fourth quarter last year due to the decline in aluminum prices, turning profits to losses by US$303 million and a loss of US$1.63/share, which was the fifth loss in the past 6 quarters.
However, Alcoa was still optimistic about the demand for aluminum in the market this year, foreseeing the year-on-year growth of 1.4% to 2.4%.
