Alcoa announced that demand from aerospace and auto markets has helped the company almost double its net income to $121 million, saying that improved productivity and higher volumes in downstream business helped the company make up for the increased costs of maintenance and pensions. "This was a strong quarter led by record profitability in our downstream business, improved results in our midstream business, and remarkable upstream performance in the face of weak metal prices," Alcoa Chairman and CEO Klaus Kleinfeld said.

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