Brief-Alcoa Q4 2012 Earnings Conference Call Details-Shanghai Metals Market

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Brief-Alcoa Q4 2012 Earnings Conference Call Details

Industry News 10:29:31AM Jan 09, 2013 Source:SMM

Jan 8 (Reuters) - Alcoa Inc :

* CFO says production curtailments led to 4 percent reduction in smelting costs

* CFO says Alcoa targetting overhead savings and productivity gains of $750M in 2013

* CEO sees strong aluminum demand growth in China in 2013, above 2012 levels

* CEO says Chinese aluminium stocks "not that significant"

* CEO sees aluminium market balanced in 2013

* CEO sees lme aluminum price rising on China rebound, U.S. budget deal

* CFO charles mclane says retiring on August 1; COO Bill Opplingler to assume CFO responsibilities on April 1

* CEO says bill opplingler "an excellent person to fill the large shoes here in the CFO role"

* CEO says not worried about potential unwinding of aluminium financing deals
 

Key Words:  Alcoa   Q4 conference 

Brief-Alcoa Q4 2012 Earnings Conference Call Details

Industry News 10:29:31AM Jan 09, 2013 Source:SMM

Jan 8 (Reuters) - Alcoa Inc :

* CFO says production curtailments led to 4 percent reduction in smelting costs

* CFO says Alcoa targetting overhead savings and productivity gains of $750M in 2013

* CEO sees strong aluminum demand growth in China in 2013, above 2012 levels

* CEO says Chinese aluminium stocks "not that significant"

* CEO sees aluminium market balanced in 2013

* CEO sees lme aluminum price rising on China rebound, U.S. budget deal

* CFO charles mclane says retiring on August 1; COO Bill Opplingler to assume CFO responsibilities on April 1

* CEO says bill opplingler "an excellent person to fill the large shoes here in the CFO role"

* CEO says not worried about potential unwinding of aluminium financing deals
 

Key Words:  Alcoa   Q4 conference