Alcoa Corporation (AA) and Aluminum Corporation of China Limited (ACH) are two prominent players in the aluminum industry. AA It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products and aluminum smelting and casting businesses. It owns hydropower plants that produce and sell electricity to the wholesale market, large industrial consumers, distribution companies, and other generation companies. China-based ACH is an aluminum producer with bauxite and coal mining operations, alumina refining, and primary aluminum smelting. The company operates through five segments—alumina, primary aluminum, trading, energy, corporate, etc. It also acquires, manufactures, and distributes bauxite mines and limestone ore and provides engineering project management and research and development services.
The resumption of industrial and economic activities led to the aluminum market witnessing strong demand and rising prices. Moreover, the intensifying supply chain disruptions and production cuts, and lockdowns in China accelerated the increase in aluminum prices.
