Alcoa sees strong aluminum use, despite price drop
October 11, 2011 at 21:29 PM EDT
By Carole Vaporean NEW YORK, Oct 11 (Reuters) - Alcoa Inc expects global demand for aluminum to hold up into the fourth quarter despite a falling metal price and fears the global economy may slip back into recession. "Alcoa remains a confident company in a very nervous world," said Chief Executive Officer Klaus Kleinfeld on Tuesday, adding that he thought the world was almost worrying itself into another recession. He was speaking to analysts on a conference call after the largest U.
