The aluminum giant reported adjusted earnings per share of $0.31 on revenue of $6.2 billion, and the company also reaffirmed its 2014 expectations for global aluminum demand growth of 7%.

Along with its third quarter earnings call, the company published a presentation giving an update on its own businesses, but also the global economy.

Overall, demand remains strong for Alcoa's products, but in keeping with what recent economic data has shown, the company has seen weakness in some of its business units in Europe.

In the EU, heavy truck orders down are 4% year-to-date in the EU, and weakness continuing in the EU's building and construction segment, the company said.