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viking86

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viking86

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Tuesday, 01/11/2011 11:43:17 AM

Tuesday, January 11, 2011 11:43:17 AM

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Alcoa posts postive Q4 results and sees higher demand and prices in aluminium for 2011. Bodes well for CNAM !

The company expects business to continue to improve, forecasting a 12 percent increase in global aluminum demand this year.

Alcoa said sales will improve in most of its markets, as the global aluminum supply shrinks. That should support higher prices. It also expects higher costs for energy and currency exchange rates.

http://finance.yahoo.com/news/Alcoa-posts-4Q-profit-as-apf-1351275758.html?x=0&sec=topStories&pos=4&asset=&ccode=
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