10/10/2012| 10:15am US/Eastern
TOP STORIES: Alcoa Cuts Aluminum Demand Growth Forecast as China Slows
Alcoa Inc. (AA) on Tuesday said it had reduced its forecast for global aluminum demand growth in 2012, citing a slowdown in China, the world’s largest consumer of the lightweight metal.
Alcoa Tops Estimates, Settles Case With Bahrain Firm
Aluminum maker Alcoa Inc. reported a net loss of $143 million for the third quarter, partly reflecting the costs of settling a four-year legal battle over bribery allegations, but results were modestly better than Wall Street’s forecasts.
MARKETS: BASE METALS: LME Metals Mostly Lower, Copper Maintains Support
Base metals on the London Metal Exchange moderately extended losses on concerns of a slackening global economy and continued dollar strength, although copper prices remain well-supported.
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