Alcoa upbeat on China despite overcapacity concerns

Jul 09, 2013 | 04:04 PM | Michael Cowden

Tags  Alcoa, Klaus Kleinfeld, China aluminum, production capacity, production cuts, aluminum demand, aluminum, Michael Cowden

CHICAGO — Alcoa Inc. expects global aluminum demand to increase 7 percent in 2013 despite concerns about overcapacity in China hindering the ability of Western countries to reduce an aluminum supply overhang.

The Pittsburgh-based aluminum producer expects aluminum demand in China to rise 11 percent in 2013, Alcoa chairman and chief executive officer Klaus Kleinfeld said during an earnings call July 8.....

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