Aluminium production giant Alcoa has kicked off US earnings reporting season by hitting its profit target.
Alcoa made $230 million in the fourth quarter by cost cutting to help offset a drop in aluminium prices.
That compares to a loss of $182 million in the same period a year earlier.
Sales topped $5.6 billion, beating analysts expectations.
Alcoa says it expects global aluminium demand to rise by 7 per cent in 2013, up from 6 per cent in 2012.
Chief financial officer Charles McLane says the result came against the backdrop of tepid global growth.
"You know its been a challenging environment and we have a relentless focus from all of our employees, days working, capital reduction and disciplined capital spend that allows us to reach these targets," he said.