Why Shares in Century Aluminum Soared Today
Shares of aluminum-producer Century Aluminum (NASDAQ: CENX) rose a whopping 11.4% as of 3 p.m. EDT today. Given that stocks across the aluminum sector, such as Alcoa and Kaiser Aluminum, rose strongly, as well, it's fair to say that this is a sector-wide move rather than purely a stock-specific one.
For Century and others, the move boils down to the market feeling a lot more comfortable with the risk in China and the global economy from the possible default of the world's most indebted property company, China Evergrande Group.
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Source Fool.com
