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    aluminum investing

    Hindalco First-Quarter Profit Rises 21% on Aluminum Prices

    Investing News Network
    Aug. 12, 2011 04:14PM PST
    Market News

    Bloomberg reports that Hindalco Industries Ltd. (BOM:500440) announced fiscal first-quarter profit gained 21 percent.

    Bloomberg reports that Hindalco Industries Ltd. (BOM:500440) announced fiscal first-quarter profit gained 21 percent.

    The market news is quoted as saying:

    Hindalco, controlled by billionaire Kumar Mangalam Birla, benefited from higher prices of aluminum and copper as economic growth in China and India fueled demand for homes, appliances and automobiles.

    Click here to access the entire news

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