Alcoa's Quarterly Profits Improve From A Year Ago

Alcoa, the biggest aluminum producer in the U.S., has announced it posted a profit of more than $240 million in the last three months of 2012. That's a big improvement from the same quarter the year before when it lost $190 million.

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, HOST:

NPR's business news starts with a hopeful economic sign.

Alcoa, the biggest aluminum producer in the United States, has announced that it posted a profit of more than $240 million in the last three months of 2012. That is a big improvement from the same quarter the year before when Alcoa lost $190 million.

Now Alcoa says the turnaround was helped by increased aluminum sales to the construction and aerospace industries, which is why this is considered a hopeful sign. People are doing something with that building material and analysts say this could point to more vibrant economic growth overall. The company predicts aluminum demand will double by the end of the decade.

Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.