Alcoa(NYSE:AA) announced the closure of the Interlco smelter in preparation for reconstruction

On March 14, 2023, Alcoa Corporation (the “Company”) approved the permanent closure of the Intalco aluminum smelter (the “Smelter”) located in Washington state, U.S.A, effective immediately. The Smelter has been fully curtailed since 2020. The Company’s decision to permanently close the Smelter was made after various options were evaluated for the Smelter. The Smelter has a … Read more

United States Steel (NYSE:X) Updates Q1 2023 Earnings Guidance

March 16, 2023 — United States Steel (NYSE:X) Provides first quarter 2023 guidance. The company provided earnings per share (EPS) guidance of $0.58-0.63 for the period, compared to the consensus estimate of $0.22. United States Steel also updated its Q1 2023 guidance to $0.58-$0.63 EPS. Adjusted EBITDA for the first quarter of 2023 is expected … Read more

Vale (NYSE:VALE) net profit for Q4 2022 fell 30.4% year-over-year, still beating market expectations

Brazilian mining giant Vale (NYSE: VALE) released its fourth quarter 2022 report on February 16, local time, under the pressure of production cuts and falling iron ore prices, net operating income in the fourth quarter fell 8.8% to US$11.94 billion, adjusted EBITDA from continuing operations was US$4.63 billion, down US$100 million year-on-year and up 960 … Read more