INTERVIEW: Consumers do not need to wait in warehouse queues – Alcoa's Kleinfeld

Aluminium consumers should buy directly from producers, and stop complaining about long queues at warehouses and the high cost of buying physical metal, according to the ceo of Alcoa.

Consumers made the “dangerous assumption” that aluminium prices were going to fall, and this set them up for difficulties if they delayed purchasing metal, Klaus Kleinfeld told Metal Bulletin.

“What we believe we’re seeing is that many consumers reduced their amount of buying in the market because they assume the metal price is going to be lower, or even lower going forward. And then when it isn’t...

Published

Andrea Hotter

November 08, 2012

10:20 GMT

New York