Although there have been mixed responses to Alcoa's (NYSE:AA) stock lately, that hasn't stopped CEO Klaus Kleinfeld from continuing to preach his gospel of supply not being able to meet demand for aluminum in the years ahead, as he tries to push the share price of the stock up after staying fairly level for quite a long time.
Talking about the next decade, Kleinfeld says demand will outstrip supply, pushing aluminum prices up, and of course, ultimately, the share price of Alcoa as well.
He even says that will happen if China cuts back on purchasing aluminum; a doubtful conclusion.
This is largely hype as there is simply no way in the cyclical aluminum industry someone can estimate out for the next decade accurately.
Even in more predictable sectors it would be very hard to do.
Either way, Kleinfeld has managed to convince some people this is what's going to happen, and it has helped the price of Alcoa move up since the latter part of August.
Friday, November 19, 2010
Alcoa's (NYSE:AA) Klaus Kleinfeld Spreading Aluminum Gospel
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