Alcoa ‘not standing still’ despite 3d-qtr. loss
Oct 10, 2012 | 03:32 PM
| Suzy Waite
Tags
Alcoa,
Klaus Kleinfeld,
London Metal Exchange,
Davenport,
aluminum,
aerospace,
automotive,
truck and trailer
third quarter earnings
NEW YORK — Despite such headwinds as the low price of aluminum on the London Metal Exchange, Alcoa Inc. remains largely in control of its own future as it continues to move further down the cost curve, according to company chairman and chief executive officer Klaus Kleinfeld.
"We are controlling our own destiny and we are not standing still," Kleinfeld said Tuesday following the release of the Pittsburgh-based company’s third-quarter earnings (amm.com, Oct. 9).
Alcoa blamed its 9-percent year-over-year drop in third-quarter revenue largely on a 17-percent decline in the LME price of aluminum. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here