After three consecutive losses, Alcoa surprised a grateful world and appreciative markets with actual profits of $77 million, compared to the last quarter loss of a whopping $454 million. Alcoa said their more efficient operations and the raising of the aluminium price were the main engines of the turnaround, but have also said that the worldwide demand for aluminium jumped 11% percent this year over 2008, indicating manufacturing recovery was coming our way.
While we have your attention...
An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.
Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.
Click here to become a Maverick Insider and get a closer look at the Truth.
Canola oil is named such as to remove the "rape" from its origin as rapeseed oil.