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Alcoa CEO reckons great scope for aluminum to replace copper

Mineweb | June 8, 2011 | 2:06 pm Base Metals Aluminum Copper 

Alcoa Inc. (AA.N) Chief Executive Klaus Kleinfeld said on Tuesday that no one is happier to see copper prices climbing than he is, because that meant substitutions into aluminum would increase.

Speaking at The Aluminum Summit hosted by AMM, the head of the largest U.S. aluminum producer said: “I’m happy that the copper price has gone up. Every time it rises, those people who use copper are calling us, because they want to replace copper with aluminum.”

via Mineweb.com – The world’s premier mining and mining investment website Alcoa CEO reckons great scope for aluminum to replace copper – BASE METALS | Mineweb.

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