Alcoa Shares Drop as Firm Warns Alumina Unit Is ‘Underwater’
Alcoa Corp. shares plunged after a company executive warned that its alumina business is facing losses from energy disruptions and the near-closure of the Strait of Hormuz.
By Jacob Lorinc · Bloomberg Markets
Alcoa Corp. shares plunged after a company executive warned that its alumina business is facing losses from energy disruptions and the near-closure of the Strait of Hormuz.