Alcoa Inc. (NYSE: AA) shares are up more than 4 percent and above $9.50 a share, and have traded nearly their average daily volume as of 1:40 p.m. Eastern, as shares saw a volume spike after CEO comments reported by Bloomberg.com.
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Alcoa Inc. Chief Executive Officer Klaus Kleinfeld said he’s “very optimistic” about sales as the Chinese economy and U.S. automotive industry start to recover.
“China is clearly out of the woods,” Kleinfeld said in a Bloomberg Television interview in Moscow today. “Its economy has come back and is growing again.” China reverted to being a net importer of aluminum this year, buying 700,000 metric tons of the metal in the first six months, he said.
