Alcoa Cuts 2018 Profit Forecast

The video discusses the impact of US tariffs on Alcoa's profit forecast, highlighting the company's revision from a potential $3.7 billion to $3 billion. The CEO attributes this change to tariffs affecting aluminium production and export from Canada to the US. Concerns are raised about US industrial customers potentially relocating due to increased costs. The outlook for other aluminium suppliers like Rio Tinto and Chinese producers is explored, noting Rio Tinto's strong performance and China's record aluminium exports. The overall impact of tariffs remains uncertain.

What was the main reason Alcoa revised its 2018 profit forecast?

• Increased competition

• US tariffs

• Decreased demand

• Higher production costs

What concern did Alcoa's CEO express regarding US industrial customers?

• They will increase aluminium imports

• They might switch to alternative materials

• They could move operations outside the US

• They might reduce aluminium usage

How is Rio Tinto performing in the aluminium market despite the tariffs?

• Benefiting from premium products

• Facing increased competition

• Struggling due to low prices

• Experiencing a decline in exports

What trend was observed in China's aluminium exports in the first half of the year?

• A significant decrease

• A slight decline

• No change

• An all-time high

What is the current understanding of the wider impact of tariffs on the aluminium industry?

• It is clear and well-defined

• It has no significant impact

• It is beneficial for all producers

• It is still uncertain and requires monitoring