1.   Alcan Aluminium Ltd. may benefit from higher aluminum prices.

2.   Alcan Aluminium Ltd. is expected to report higher third-quarter earnings, reflecting higher aluminum prices.

3.   Alcan Aluminium Ltd. recently reported a first-quarter profit, after a year-earlier loss, because of higher aluminum prices and strengthening demand for the metal.

4.   But higher aluminum prices achieved by cutting output are not an unqualified benefit for Maxxam and Kaiser.

5.   Metal and mineral shares, led by Alcan, also fell on reports of higher aluminum inventories registered with the London Metal Exchange, Jackson said.