Aloca's Australian shares recover from record lows as metal prices rebound

ReutersApr 8, 2025 3:26 AM

Shares of Australian bourse-listed Alcoa AAI.AX rise as much as 6.5% to A$41.545, their biggest intraday pct gain since November 18, 2024

The aluminium major hit a record low in the previous session as metal prices weakened amid global markets and commodities sell-off on recession fears

Aluminium prices recover on the day as investors await further clues on the trajectory of the global economy MET/L

Alcoa's shares down 30.5%, YTD

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