February is our focus on nonferrous materials and processing. There seems to be a lot of nonferrous news lately, and we’ll do our best to pass it along.
On Monday, Jan. 12, Alcoa held a public meeting to discuss 2014 and look forward to this year. Through the marvels of technology, we “sat in” on this meeting. It was a good year for Alcoa and other aluminum manufacturers after several not-as-good years. The growing usage of aluminum (more on that later) has resulted in an increase in aluminum prices of 27% since February 2014. For Alcoa, this resulted in a 14% increase in revenues last year. In the fourth quarter, their cash from operations was the highest in Alcoa’s history. Adjusted earnings in 2014 was the highest experienced since 2008.