aluminum
Aluminum producer Alcoa Inc. (ASX:AAI) has posted a profit of US$172 million, or US15 cents per share for the third quarter due to higher volume and prices. Revenue rose 21 percent to US$6.42 billion.
Alcoa's average realised price for aluminium increased 18 percent year-over-year but was down 5 percent sequentially. The bottom line missed expectations and shares slipped to 5.2 percent to close at US$9.77 after hours.
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