Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
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Aluminium price outlook turns wobbly
Alcoa expects the automotive sector to now grow by 4-8%, down from 5-11% projected during the March quarter, and commercial building and construction to grow at 1-3%, compared with 2-3%.
Pricing change happening in the alumina market
The preliminary snapshot of the June trade figures doesn't include bauxite imports but they recorded consecutive fresh all time highs above 4 million tonnes in both April and May. Cumulative January to May imports of 17.3 million tonnes were up by 56% YoY. In other words, China is swapping one...
Pricing change happening in the alumina market
The pricing revolution in the alumina market is gathering momentum, even if it hasn't grabbed the headlines in the same way as that in the iron ore market. The pricing of alumina, the intermediate material in the production of primary aluminum is being forcibly decoupled from the metal price also...
Environmental Performance Enhanced At Alcoa’s San Ciprian, Spain, Alumina Refinery
Alcoa’s (NYSE:AA) San Ciprian, Spain, facility is improving the energy efficiency and environmental performance of its alumina refinery by switching from fuel oil to natural gas. This week, Alcoa Europe Vice President José Ramón Camino and Regional Minister of Economics and Industry Javier Guerra...
Alcoa Makes DFMA Case for Aluminum's Sustainability
Green design is a pretty fuzzy concept. Everybody defines it differently. And if you can find a set of definitions you like, how do you efficiently include the concept of green into your design process? The Alcoa Technical Center in southwestern Pennsylvania launched an investigation to find out....
Alcoa Reveals Alumina Price Strength
Alcoa AA reported headline second-quarter income of $322 million, a 5% increase from the first quarter. Favorable from Alumina's AWC perspective is that alumina drove most of the gain for Alcoa, with headline segment income rising 31% to $186 million. Alcoa's alumina result has proved a reliable...
Alcoa Reveals Alumina Price Strength
Alcoa AA reported headline second-quarter income of $322 million, a 5% increase from the first quarter. Favorable from Alumina's AWC perspective is that alumina drove most of the gain for Alcoa, with headline segment income rising 31% to $186 million. Alcoa's alumina result has proved a reliable...
Alcoa Profit Doubles as Aluminum Price Gain Outweighs Costs
Alcoa Inc., the largest U.S. aluminum producer, said second-quarter profit more than doubled after higher prices for the lightweight metal outweighed increasing raw-material costs. Net income rose to 28 cents a share from 13 cents a year earlier, New York-based Alcoa said yesterday in a statement....
Alcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
lcoa’s (NYSE:AA) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma’aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. [1] Alcoa owns a 25% stake in the JV named...
Alcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
lcoa’s (NYSE:AA) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma’aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. [1] Alcoa owns a 25% stake in the JV named...
Alcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
lcoa’s (NYSE:AA) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma’aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. [1] Alcoa owns a 25% stake in the JV named...
Alcoa named one of Brazil most sustainable companies
Alcoa in Brazil was ranked as the most sustainable company in the Metals sector and 11th overall of 100 companies considered in a study by major business media in Brazil. The list will be published in the August issue of the Brazilian national news magazine Imprensa. The annual Most Sustainable...
Alumina refining in WA fares well under carbon tax
Alcoa Australia has won the highest level of assistance for its alumina refineries under the proposed carbon tax. The company will qualify for free permits for up to 94.5 per cent of its CO2 emissions. Under the legislation to be enacted, that level of assistance will remain until at least 70 per...
On the Call: Alcoa CEO Klaus Kleinfeld
NEW YORK Alcoa Inc. has predicted sales will improve across its range of businesses this year, from aerospace to beverage cans. During a second-quarter conference call with analysts Monday, Chairman and CEO Klaus Kleinfeld forecast Alcoa's sales to aerospace businesses would grow about 7 percent in...
Alcoa stock down over aluminum price concerns
Shares in Alcoa Inc slipped on Tuesday despite posting a strong second-quarter profit, as some analysts voiced concern over a recent drop in aluminum prices. In early trading on the New York Stock Exchange, the company's stock was down 10 cents at $15.82, while aluminum fell to $2,451 per tonne in...
Earnings shine tarnishes
ALUMINA Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second...
Earnings shine tarnishes
ALUMINA Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second...
Alcoa, News Corp., Quest Are Big Market Movers
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Alcoa Inc., down 20 cents at $15.71. The aluminum producer's quarterly profit grew thanks to higher sales and prices, but costs for raw materials are rising.
