Alcoa posts steep Q2 loss

Aluminium producer remains confident of global outlook despite loss.

Aluminium producer Alcoa posted a sharp loss in the second quarter on restructuring costs but remains bullish on the global outlook for aluminium.

For the three months to June 30, Alcoa posted a loss of $US119 million, a huge drop on the $US2 million loss it posted in the previous corresponding period.

The result translates to a loss of 11 cents per share.


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