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Alcoa Inc (AA) Financial News - Alumina First-Half Profit Jumps 53% on Higher Demand, Prices

Alcoa Inc (AA)

Alumina First-Half Profit Jumps 53% on Higher Demand, Prices

Quote: Alumina owns 40 percent of the Alcoa World Alumina & Chemical venture and Alcoa, the largest U.S. aluminum producer, the balance. The venture produces one quarter of the world’s alumina, which is refined into aluminum. Alcoa World “has successfully based all new contracts entered into in the second half of 2010 on the alumina price indices” and “these contracts are for delivery in 2011 and beyond,” Alumina said. Its realized prices climbed 28 percent from the first half of 2010, the company said. soraya@bloomberg.netTim Smithtsmith58@bloomberg.net ahobbs4@bloomberg.netrkeenan5@bloomberg.net ...
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