Although there are a lot of uncertainties remaining in the aluminum market, that didn't stop investors from pushing up the share prices of Alcoa Inc. (NYSE:AA), Alumina Limited (NYSE:AWC) and Century Aluminum Company (NASDAQ:CENX).
Alcoa beat revenue estimates and increased their aluminum demand outlook.
Alcoa closed the week at $12.89, gaining $0.69, or 5.66 percent on Friday. Century Aluminum ended the session at $13.99, rising $0.63, or 4.72 percent. Alumina surged $7.80, increasing $0.37, or 4.98 percent.
Among the top aluminum performers for the day was Noranda Aluminum Holding (NYSE:NOR), which rose to $10.08, gaining $0.89, or 9.68 percent.
Others in positive territory were Aluminum Corporation Of China Limited (NYSE:ACH). Reliance Steel and Aluminum (NYSE:RS) and Kaiser Aluminum (NASDAQ:KALU)
Aluminum Corporation closed at $24.79, rising $0.19, or 0.77 percent. Reliance finished the week at $43.89, gaining $1.44 on Friday, or 3.39 percent. Kaiser Aluminum ended the session at $44.38, an increase of $1.17, or 2.71 percent.
The market is starting to believe emerging markets can carry aluminum demand without much help from mature economies.
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