Articles Tagged "Alcoa"

Alcoa CEO Kleinfeld Supports Creation of Aluminum-Based ETF

Bloomberg.com reports that Alcoa ( NYSE:AA)  is interested in creating an aluminum-based ETF. The story is quoted as saying: An aluminum ETF would allow investors to hold the metal without the capital requirements and warehousing costs involved in owning the physical metal that’s traded on the London Metal Exchange, Kleinfeld said To access the full [...]

Alcoa (NYSE:AA) Sees Aluminum Demand at 6 Percent over Next Decade

Commodity Surge.com reports that Alcoa (NYSE:AA), like other major players in the aluminum industry, sees aluminum increases over the next decade.  Aloca anticipates the need will increase by 6%/year/per year. They anticpate that consumption will grow this year alone by 13%.  The story is quoted as saying: There have been mixed views on aluminum supply [...]

Aluminum Demand to Rise 5.3% a Year, Output Increase Needed, Rio Projects

Bloomberg.com reports today that in anticipation of the increased need for aluminum ( 5.3%/ per year for the next decade), aluminum producers will need to increase global output by two-thirds, according to executives at Rio Tinto’s (NYSE:RIO) Alcan division. The story is quoted as saying: Unless new smelters are built by 2020, demand for the [...]