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May 22, 2014
07:50 EDTAAAlcoa CEO says improving cost position amid historic shift, CNBC reports
Alcoa CEO Klaus Kleinfeld told CNBC in an interview that the metals industry is experiencing its biggest transformation in 125 years and that the company no longer has to focus on metals markets fluctuations as demand for lighter aluminum alloys has gone "mainstream." Kleinfeld added the company could now be profitable "no matter where the metal price is" as a result of its cost-cutting, the report noted. Reference Link
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