Alcan Shows Its Mettle

Yahoo! News: “Alcan delivered gleaming results for the third quarter, as the burgeoning global economy continued to bolster demand for aluminum. The firm seems well-positioned to keep up its performance in the near term, even as it lays the groundwork for a major transformation.

The Canadian-based company, the world’s second-largest aluminum producer, posted per-share income from operations of $0.47 in the quarter, a nice 47% gain from the same period in 2003.

Alcan’s showing looks all the more spectacular when compared with the recent disappointing performance of its chief competitor, Alcoa, which holds the No. 1 spot in aluminum production. Unlike its bigger rival, Alcan seems to be taking full advantage of the tight aluminum market. And future trends look bright — Alcan is now projecting a wider deficit in aluminum production than it did in the second quarter.”

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