According to the announced on January 11, Alcoa announced on Monday posted a quarterly net loss, partially close by traditional refining business related expenses.

Under the background of the upgrading of trade friction with China and the United States experiencing falling prices hit the aluminum industry, Alcoa has continued reduction smelting capacity. Last week, the company announced it will close its smelter located in evansville, indiana, this will make the aluminum production in the United States dropped to the lowest level in more than 65 years.

LME three-month aluminum has fallen by 18.6% in 2015, currently located in six and a half years near the lows.

Aluminum is the LME premium the Midwestern United States have dropped 60%, from a record high of last year to about 8.9 cents/lb.

The news that Alcoa has won the United States department of ge aviation a $1.5 billion contract for a long time, important component responsible for the supply of aircraft engine.

Last quarter Alcoa also announced its in the aviation field for a number of other major contracts.

Alcoa CEO klein anfield after earnings accepted the media interview, "the contract shows that promote value-added business continues to show good results,"

But he points out, because the prices plunge, Alcoa's traditional business is still facing many disadvantage factors.

Alcoa announced Monday that the fourth quarter loss of $500 million.

Alcoa expects 2016 global aluminum demand will grow by 6% from 2015.

The company said, the global aviation revenue should be increased by 8% to 8% this year, and the global car should output to grow by 1% to 1%.