Tag: Yahoo Finance

COLUMN-Sustainability the new battleground for aluminium producers: Andy Home

The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It's not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month....

Ambev to launch Brazil's first canned water by year-end, executive says

Brazilian beverage firm Ambev SA will launch its first canned water by year-end, following a global trend to step up recycling and phase out plastic containers as consumers shift towards greener alternatives, a company executive said. The move is part of a push by parent Anheuser Busch InBev to adopt more sustainable practices, and comes as other multinationals, such as Coca-Cola Co, PepsiCo and Nestle also launch canned water elsewhere. In Brazil, Ambev will start using its breweries in the southeastern state of Rio de Janeiro to produce its water brand AMA in aluminum cans to be distributed countrywide, its head of sustainability, Richard Lee, told Reuters in an interview....