Shares of aluminum company Alcoa Corp. (AA) are up 7 percent on Wednesday's trading. The shares have recovered after declining on the news that it decided to restart the Brazil Aluminum plant.
The company recently announced its plans to restart around 268,000 metric tons per year of aluminum capacity at the Alumar smelter in São Luís, Brazil. the plant has not been operating since 2015.
Alcoa said that the idle capacity will be restarted immediately and the first molten metal is expected in the second quarter of 202 and the capacity will be fully utilized by the end of 2022.
Currently at $49.10, the stock has traded between $10.98 and $51.89 during the past 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.