NEW YORK: Alcoa Inc. believes that the global economy will continue to be lifted this year by a burgeoning international middle class that wants better transportation and more modern buildings.
The Pittsburgh company, which on Thursday reported third-quarter results slightly above Wall Street expectations, said it expects global aluminum consumption to grow 13 percent this year, up from a forecast of 12 percent growth in the second quarter. Shares rose almost 3 percent in after-hours trading.
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