ADVFN - Advanced Financial Network.
HOME» NYSE » A » AA Stock Price » AA Stock News

Alcoa Share News

 Alcoa, Inc. Stock Price
AA Stock Price
 Alcoa, Inc. Stock Chart
AA Stock Chart
 Alcoa, Inc. Stock News
AA Stock News
 Alcoa, Inc. Company Information
AA Company Information
 Alcoa, Inc. Stock Trades
AA Stock Trades

Alcoa 'Comfortable' that Brazil Will Soon Cut Energy Costs

By Diana Kinch RIO DE JANEIRO--Global aluminum producer Alcoa Inc. (AA) said Wednesday it is "comfortable" that the Brazilian government will reduce electrical energy costs in the short to medium term. "President Dilma Rousseff leads us to believe action on energy prices will be similar to the action to reduce interest rates," Franklin L. Feder, Alcoa's chief executive for Brazil and Latin America, told reporters in Rio de Janeiro. Last month, Brazil's Central Bank reduced the country's base interest rate to 8.5%, a historically low level for the country although still high by international standards. Aluminum production in Brazil is currently globally uncompetitive due to energy costs that have become the highest in the world, Feder said, with surcharges and tariffs accounting for 50% of electrical energy costs. Last week, Alcoa executives met with President Rousseff to discuss the issue, he said. Alcoa has already closed aluminum-production lines in Brazil's Rio de Janeiro and Bahia states but isn't currently planning any further closures, Feder said. Write to Diana Kinch at diana.kinch@dowjones.com.

Stock News for Alcoa (AA)
DateTimeHeadline
03/31/201506:31:22Let Neurocrine Biosciences Cool Off - Cramer's Lightning Round...
03/30/201508:40:03Alcoa curtails more Brazilian smelting capacity
03/30/201508:00:00Alcoa to Curtail Smelting Capacity in Brazil as Reshaping of...
03/28/201511:07:02Ford's Aluminum F-150 Gets a $259 Million Boost From Uncle Sam
03/25/201515:46:07In Kraft-Heinz Deal, Will Chicago or Pittsburgh Lose More Jobs?
03/24/201506:50:11As Alcoa Stock Falters, Equity Investors Turn Into Aluminum Bears
03/20/201506:07:48Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
03/19/201517:03:25Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201515:52:18Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201510:32:30Proxy Statement (definitive) (def 14a)
03/17/201514:33:00Alcoa Continues Reshaping Upstream Business, 443,000 Metric Tons...
03/17/201512:17:00RTI INTERNATIONAL METALS SHAREHOLDER ALERT: Faruqi & Faruqi...
03/17/201505:58:19PC Related Means Sell - Cramer's Lightning Round (3/16/15)
03/16/201508:44:29This Is Not The Same Alcoa
03/15/201506:00:54Unusual Opportunities In Alcoa
03/13/201517:00:00INVESTOR ALERT: The Law Offices of Vincent Wong Launches an Investigation...
03/13/201505:40:16Putin Puts U.S. Titanium At Risk
03/11/201500:35:24Alcoa Was Smart To Value-Add Titanium Fabricator RTI International...
03/10/201517:06:00RTI INTERNATIONAL METALS INVESTOR ALERT BY THE FORMER ATTORNEY...
03/10/201510:49:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...

Alcoa and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad