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aluminum-investing

Alcoa Shines on Solid Aluminum Demand

Investing News Network
Jun. 21, 2011 04:23PM PST
Market News

NASDAQ reports that Alcoa’s (NYSE:AA) total alumina shipments climbed from 14.6 million tons in 2006 to 16.5 million tons in 2010.

NASDAQ reports that Alcoa’s (NYSE:AA) total alumina shipments climbed from 14.6 million tons in 2006 to 16.5 million tons in 2010.

The market news is quoted as saying:

Alcoa, which competes with mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ), is upbeat about the global outlook for aluminum and expects the strong demand to continue in the next decade. Last quarter, Alcoa reported almost $6 billion in sales, up 20% year-over-year.

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