Alcoa: China Export Tax Decision Sinks Shares

China’s Ministry of Finance announced that it would remove an export tax on aluminum, sending aluminum prices lower. Sterne Agee’s Josh W. Sullivan and team consider the impact on Alcoa (AA): Gene J. Puskar/Associated Press The Chinese Ministry of Finance (MoF) announced that it will repeal the 5%-15% tariffs on aluminum strips and rods from May 1. Alcoa has recently [...]