‘Stars align’ for green Al, but timeline still unclear, Alcoa’s Harvey says

Aluminium consumers and investors are increasingly calling for a green aluminium premium, but it remains unclear as to when the market will adopt it, Alcoa chief executive officer Roy Harvey said in a call discussing second-quarter earnings on Wednesday July 15.

“I still can’t say when will that green premium develop and when will lower carbon emitters have the benefit of that lower carbon story. But I would argue that we’re seeing the stars align very quickly to make that more and more important; which just reiterates the fact that our shift in our portfolio is very much targeting both financial, but also very much environmental sustainability, helping to get us in the right...

Published

Michael Roh

July 16, 2020

05:47 GMT

New York