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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: http://www.foxbusiness.com -Dow Jones Newswires; 212-416-2900

Stock News for Alcoa (AA)
DateTimeHeadline
05/16/201313:30:11Aluminum Seen Winning Ground Over Steel, Copper
05/13/201317:07:18MARKET SNAPSHOT: S&P 500 Edges Up To Record High; Dow Drops
05/13/201315:30:16MARKET SNAPSHOT: Stocks Fluctuate As Fed 'exit' Plans Are Weighed
05/13/201314:21:49MARKET SNAPSHOT: U.S. Stocks Drop As Fed 'exit' Plans Are Weighed
05/13/201313:35:42MARKET SNAPSHOT: U.S. Stocks Rise As Fed 'exit' Plans Are Weighed
05/13/201311:01:34MARKET SNAPSHOT: U.S. Stocks Drop As Fed Exit Plans Mulled
05/08/201312:36:48MARKET SNAPSHOT: U.S. Stocks Inch Higher After Record-setting...
05/01/201312:00:08Alcoa to Consider Cutting 11% of Smelting Capacity
04/26/201316:43:52MARKET SNAPSHOT: U.S. Stocks End Lower; H-P, Chevron Boost Dow
04/26/201313:40:11MARKET SNAPSHOT: U.S. Stocks Fall After GDP Data; H-P Boosts...
04/24/201316:47:02MARKET SNAPSHOT: U.S. Stocks End With Dow Drop, Flat S&P 500
04/24/201315:34:20MARKET SNAPSHOT: S&P 500 On Track To Extend Winning Run
04/15/201315:58:18MARKET SNAPSHOT: U.S. Stocks Caught In Resource Stampede
04/15/201313:27:17MARKET SNAPSHOT: U.S. Stocks Drop As Gold Free Fall Hits Miners
04/15/201311:09:09MARKET SNAPSHOT: U.S. Stocks Get Double Blow From China, Builders
04/12/201316:51:21MARKET SNAPSHOT: U.S. Stock Win Streak Ends; Consumer Weighs
04/12/201315:39:35MARKET SNAPSHOT: U.S. Stocks Pare Losses After Consumer Headwind
04/12/201309:11:29U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/11/201319:10:20Fitch Lowers Outlook on Alcoa's Investment-Grade Rating
04/09/201317:01:14MARKET SNAPSHOT: Stock Surge Lifts Dow To Record-high Close

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