aluminum Archives - Inflation Watch https://inflationwatch.drduru.com/tag/aluminum/ Watching for inflation here, there and everywhere Mon, 11 Jan 2010 23:11:13 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/inflationwatch.drduru.com/wp-content/uploads/2025/07/cropped-new-hp-money-printing-plates.png-1.webp?fit=32%2C32&ssl=1 aluminum Archives - Inflation Watch https://inflationwatch.drduru.com/tag/aluminum/ 32 32 246324047 Alcoa reports for Q4 a 9.3% increase in aluminum prices https://inflationwatch.drduru.com/alcoa-reports-q4-price-increase/?utm_source=rss&utm_medium=rss&utm_campaign=alcoa-reports-q4-price-increase Mon, 11 Jan 2010 23:11:13 +0000 http://inflationwatch.wordpress.com/?p=876 Alcoa (AA) reported 4th quarter earnings tonight. AA’s average realized price per metric ton of aluminum increased 9.3% over the previous quarter. This is the third straight quarterly increase, and it is also a 1.4% year-over-year increase. During the conference call, Alcoa President and CEO Klaus Kleinfeld declared that the company will see 10% growth […]

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Alcoa (AA) reported 4th quarter earnings tonight. AA’s average realized price per metric ton of aluminum increased 9.3% over the previous quarter. This is the third straight quarterly increase, and it is also a 1.4% year-over-year increase.

During the conference call, Alcoa President and CEO Klaus Kleinfeld declared that the company will see 10% growth in 2010, half-driven by China. The other half of its growth will come from other emerging markets like India and Brazil. This is quite a turn-around from the pits of 2008-2009 that Kleinfeld described as “…a tough year for the aluminum industry – a price crash, demand destruction, and credit crunch.”

The stock is down slightly in after-hours but is up 30% in a break-out over the past month:

Alcoa has soared 30% in just the last month
Alcoa has soared 30% in just the last month

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