Alcoa publishes transcript of Jefferies Global Industrials Conference 2026 session
Reuters2026/09/11 18:20- At Jefferies Global Industrials Conference 2026, CFO Molly Beerman told investors demand stayed strong in North America, Europe.
- Alumina market still in surplus despite prices near $350; Yarwun curtailment in October 2026 to remove 40% of supply.
- Aluminum remained in global deficit; value-add order book nearly sold out for rest of 2026, 2027 contracting seen supportive.
- AliGroup deal for South32 assets on track to close in first half of 2027; expected CapEx increase of $350 million-$450 million annually.
- Canadian imports faced 50% tariff, creating over $1 billion cost; Midwest premium fully offset it, tariff cut would boost results.
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