Alcoa said there was no way to return by investing another $3billion in Brazil
Alcoa (AA), the world's largest aluminum producer, said that due to "incredible" high energy costs, the return of Alcoa's $3billion investment in Brazil "has not yet come"
"we have invested $3billion there, and frankly, the return has not yet come," said klauskleinfeld, Alcoa CEO, in a speech at the Pittsburgh company's annual general meeting on Saturday. The losses in this South American country "are due in part to incredibly high energy costs", he said
Alcoa, the second largest aluminum producer in Pakistan, said on March 31 that it was considering reducing its production in POSUS de calda. Before that, Alcoa and St. Louis aluminum plants in the country. In January this year, it asked the government to help reduce energy costs
"we really want to change our business in Brazil", Kleinfeld said
Alcoa fell 2.2% to 9.3 at the close of New York. The LCD fully met the requirements of $7 for the experiment consisting of one kind of experimental platform. The company must not violently impact the inclined block on the swing arm. Its shares have fallen 46% in the past year, which is the largest decline of the Dow Jones industrial average