Tough year for aluminium and Alcoa

January 12: Aluminium producer Alcoa put a positive shine on its results for 2009, which showed that it had reduced its net loss to $277 million in the final quarter, down from a loss of $1.19 billion in the final quarter of 2008.

That was when the global downturn was at its fiercest and lead to Pittsburgh-based Alcoa’s sales in 2009 falling by 46 percent to $18.44 billion.

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