Aluminum Shipments Stagnate

By Joe Deaux (Bloomberg) Alcoa’s aluminum shipments will be weaker than anticipated this year amid ongoing uncertainties caused by global inflation, dwindling demand in Europe and a soft economic outlook in China, the world’s biggest consumer.

The largest US aluminum producer expects to ship between 2.5 million and 2.6 million metric tons of the lightweight metal this year, Alcoa said Wednesday in its fourth-quarter earnings report. That’s on par with last year’s guidance though short of the 2.65 million tons average estimate of analysts surveyed by Bloomberg.

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