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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Alcoa Re-aligns China Strategy to Support Expanding Footprint in Fast-Growing Market
-Alcoa (NYSE:AA) announced today that effective July 1, the Company’s Asia-Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization, part of an initiative to support the expanding footprint of Alcoa’s three business groups in the fast-growing and...
Alcoa Kawneer Delivers Architectural Aluminum Products for Halo Tower
Alcoa, a manufacturer of fabricated and primary aluminum products, has announced that its architectural aluminum products have been selected for installation on the London Halo Tower. Kawneer UK, an architectural aluminum systems business of Alcoa, will supply the products. The Halo Tower is a...
UBS cuts price target on Alcoa
UBS analyst Brian MacArthur has aggressively cut his price target on Alcoa Inc. (AA-N15.410.312.05%) ahead of the aluminum giant’s second-quarter results on July 11, citing - among other factors - higher raw material, maintenance and energy costs in upstream operations. He’s forecasting earnings...
UBS cuts price target on Alcoa
UBS analyst Brian MacArthur has aggressively cut his price target on Alcoa Inc. (AA-N15.410.312.05%) ahead of the aluminum giant’s second-quarter results on July 11, citing - among other factors - higher raw material, maintenance and energy costs in upstream operations. He’s forecasting earnings...
Aero Aluminum Alloy To Compete With Composites, Due In Cars?
Low weight is the golden goose of automotive technology. Everyone wants it because it brings about improvements in virtually all areas - performance, economy, handling - but engineering a car with lower weight than the one that preceeded it is difficult to do. Customers want safer, quieter and...
Alcoa Kawneer to Tower over London’s Olympic Park
Alcoa announced today that architectural aluminum products from its Kawneer UK business will be used on the Halo Tower in London, that, when finished, will be one of the tallest residential buildings in London, offering panoramic views of the City and Olympic Park. Kawneer’s AA®201 unitized curtain...
Alcoa Kawneer to Tower over London’s Olympic Park
Alcoa announced today that architectural aluminum products from its Kawneer UK business will be used on the Halo Tower in London, that, when finished, will be one of the tallest residential buildings in London, offering panoramic views of the City and Olympic Park. Kawneer’s AA®201 unitized curtain...
Alcoa (AA) Approaches New Downside Target of $15.22
Aluminium prices are likely to remain in a range of $2,500 to $2,700 a tonne for at least the next two-three months, National Aluminium Company Limited (NALCO) said on Friday. "We believe that in the short term in next two to three months the prices should remain range-bound between $2,500 and...
Alcoa unveils 3rd generation aluminium lithium alloys and technologies
Alcoa has announced new aluminium-lithium alloy and structural technologies enabling airframers to "build dramatically lighter and lower-cost" short-haul aircraft "at significantly lower production risk than composite-intensive planes". "The decisions made in the past decade to build the first...
Alcoa trumpets tech advances for aircraft makers
Aluminum producer Alcoa Inc has developed a new generation of alloys and technologies it says can lower the weight of airliners by up to 10 percent and improve fuel efficiency even more. "The alloys are mostly new and revolutionary for the industry," said Eric Roegner, president of Alcoa's Forgings...
New Alumina Index Pricing Winning Over Opponents-Aluminum Producers
The new method for dictating how alumina contracts are priced is gaining traction, even among aluminum producers that previously opposed it, they told a conference Tuesday. The world's largest aluminum producers, including U.S.-based Alcoa Inc. (AA) and London-listed Rio Tinto Alcan, a subsidiary...
Aluminum Demand To Rise 12% In 2011 Amid Industry Recoveries
A recovery in global auto and aerospace demand and continued strength in emerging markets should underpin a sharp rise in aluminum demand this year, an executive at the world's largest producer of the metal said Tuesday. Speaking at an industry conference, Kevin Anton, chief sustainability officer...
Aero aluminum still flying strong - Alcoa
Worldal reported that the choice of non metallic composites on the latest crop of jumbo jets doesn’t spell the loss of aluminum’s dominant role in commercial aircraft production. According to an Alcoa Inc executive, the choice of non metallic composites on the latest crop of jumbo jets doesn’t...
Transfield Services Preferred Tenderer To Alcoa
Transfield Services (TSE) has been awarded preferred tenderer status for a new A$66 million contract with Alcoa of Australia to provide maintenance services at its Pinjarra alumina refinery in Western Australia. Under the contract Transfield Services will also be invited to competitively tender for...
Surging aluminum output bad news for consumers
Reuters reported that global aluminum output surged to a fresh all time high of 118,800 tonnes per day in April after a slight drop in March. Global production was running at an annualized 43.35 million tones last month, representing a near million tonne increase from the previous record of 42.39...
Justifying Alcoa’s Aluminum Growth Estimates
Alcoa (NYSE:AA) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. [1] This is based on the company’s forecast that aluminum demand will grow at a compound average rate of 6.5% annually. Here we look at the key trends...
Alcoa CEO doesn't see aluminium price plunge-paper
Aluminium prices should not drop much, Alcoa (AA.N) chief executive Klaus Kleinfeld told a German Sunday paper, giving an upbeat outlook for business at the largest U.S. aluminium producer. Asked by Welt am Sonntag about prospects for higher prices and good business conditions, the German executive...
Alcoa set to benefit from increase aluminum prices
Rapid industralisation in China and India is fueling a positive outlook for aluminum and aluminum prices with the US-owned Alcoa, which operates Suriname Aluminum Company, LLC (Suralco), bauxite mining company and refinery, is set to benefit on short and mid-long term. "We are also optimistic about...
