Alcoa Draws New Aluminum Orders as Gulf States Curb Production

Alcoa Corp., the largest US aluminum producer, says it’s fielding interest from buyers seeking alternative supply following the curtailment of production in the Middle East.

“We’re actually seeing an uptick in orders from customers, and inquiries related to the second quarter and second half of the year, because these were customers who take a portion or a majority of supply from Middle East smelters,” said Chief Financial Officer Molly Beerman at a JPMorgan Chase & Co. conference on Tuesday. “So we do have additional spot orders coming in, and that should help us later in the year.”