Noranda Aluminum Holding Corp posted strong quarterly revenue, and said it expects emerging markets to drive demand for the metal.
"We remain bullish about aluminum over the medium- and long-term. We believe global demand will continue to increase," said Chief Executive Layle Kip in a conference call.
The increase in need for aluminum will also be driven by substitution for other metals such as copper, Kip added.
The company, which makes primary aluminum products and rolled coils, reported a 31 percent rise in revenue to $394.6 million on high prices and increased volumes across segments.
January-March net income was $38.3 million, or 56 cents a share, compared with net loss of $0.1 million, a year ago.
Excluding items, the company earned 35 cents a share.
Analysts expected earnings of 37 cents a share on revenue of $360.70 million, according to Thomson Reuters I/B/E/S.
Shares of the Franklin, Tennessee-based company rose 4.5 percent to $15.76 on Wednesday on the New York Stock Exchange.
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