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Alcoa CEO: China Isn't Going To Slow Aluminum Production -Fox Business

DOW JONES NEWSWIRES Demand for aluminum in China is growing heavily and the country isn't likely to slow down production, Alcoa Inc.'s (AA) chief executive told Fox Business Network on Wednesday. Klaus Kleinfeld said that despite having to import most of its bauxite and the high cost of energy to produce aluminum, China will continue ramping up production to meet demand. World aluminum demand growth, he said, is at 7%. Increased production of Chinese aluminum isn't a threat to the global market because China isn't going to export the lightweight metal, Kleinfeld told Fox Business. He also said the country is likely to restructure its heavy energy industry, which aluminum is part of. Website: -Dow Jones Newswires; 212-416-2900

Stock News for Alcoa (AA)
10/21/201616:38:00Revised Time: October 27 Arconic 2016 Investor Event
10/19/201616:23:00Alcoa Inc. Announces Revised Record Date for Quarterly Cash Dividend...
10/19/201610:28:41Current Report Filing (8-k)
10/18/201616:10:49Current Report Filing (8-k)
10/17/201614:10:54Statement of Changes in Beneficial Ownership (4)
10/14/201617:16:15Statement of Changes in Beneficial Ownership (4)
10/14/201617:14:58Statement of Changes in Beneficial Ownership (4)
10/13/201616:39:00Alcoa Corporation and Arconic to Host 2016 Investor Events
10/13/201615:20:00Bank Stocks Slide Ahead of Third-Quarter Earnings
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10/11/201623:40:00Asian Shares Hit by Fears of Fed Rate Rise
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10/11/201608:23:16Current Report Filing (8-k)
10/11/201607:45:00Alcoa Reports Third Quarter 2016 Results
10/10/201613:25:00MARKET SNAPSHOT: U.S. Stocks March Higher As Oil Rally Fuels...
10/10/201610:45:00MARKET SNAPSHOT: U.S. Stocks March Higher As Oil Rally Fuels...
10/07/201616:33:11Current Report Filing (8-k)
10/05/201617:59:31Initial Statement of Beneficial Ownership (3)
10/05/201617:36:49Statement of Changes in Beneficial Ownership (4)
10/05/201617:35:02Statement of Changes in Beneficial Ownership (4)

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