Alcoa, the world's biggest maker of aluminium for beverage cans, motor parts and cooking foil, boosted second-quarter profit 57 per cent as prices rose and some production costs fell, sending the company's shares up as much as 9.1 per cent.
Net income rose to $US377 million ($825 million), from $US240 million in the year-earlier period. Sales expanded 38 per cent to $US5.62 billion, from $US4.08 billion. Shipments rose 22 per cent to 1.36 million tonnes.
Second-quarter aluminium prices on average rose by 13 per cent on the London Metal Exchange from a year earlier, driven by demand from Asian countries and the United States.
Aluminium maker boosts its profits
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