Alcoa Inc (NYSE:AA) Commemorates 100 Years By Selling Cans Of Water


Dallas, Texas 08/19/2013 (Financialstrend) – In order to commemorate 100 years of operations in Tennessee, renowned firm Alcoa Inc (NYSE:AA) went about selling special centennial cans of water on Friday, August 16. The cans were available to the public and the employees until 4 P.M. on Friday. The cans got sold from 6 A.M to 9 A.M and from 12 P.M to 4 P.M.

Company officials claimed that over years, the company has donated around 86,000 cans of water to the non profit organizations, but the cans have failed to reach the public.

This act of selling cans, according to the company officials, was an answer to the public’s query according to which they often asked if they could ever buy these cans.

Deborah Huddleston, a communications intern at Alcoa said that a lot of people would love to save these cans and keep them for around 100 years to be able to show them to their grandkids.

Aluminium Production Cuts & Mixed Prices

The Alcoa Inc, in its May announcement, stated that the company would temporarily shut down production at its smelters in Brazil that have an annual capacity of 124,000 tonnes and also stated that it would permanently shut down the 40,000 tonne potline at the Massena East plant.

After the closures and curtailments, the company’s 16% capacity is now idle.

On Wednesday, the cash price of primary aluminium showed up as the day’s biggest mover witnessing a 0.4 percent increase on the LME to $1,839 per metric ton. The three month price of aluminium gained 0.3 percent.

The cash price of primary Indian aluminium fell by 0.1 percent, while the Chinese aluminium prices remained mixed. In couple of days, the Chinese aluminium prices declined by 0.2%, price of Chinese aluminium scrap remained flat, while that of Chinese aluminium billet was steady. Also the price of Chinese aluminium bar saw little movement.