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 awards contracts for redevelopment
Alcoa has awarded more than $7.2 million in contracts as part of the company’s effort to prepare the former Badin Works site for redevelopment, the company announced this week. Additional contracts are expected to be awarded throughout the year as work progresses. Redevelopment of the former...
Alcoa: Innovation Award Finalist
Alcoa of Australia has been selected as a finalist in the annual PACE Zenith Awards for its sustainability work in turning bauxite residue into valuable by-products. The Awards, now in their 8th year, recognise companies and individuals, across nine industries in Australia and New Zealand, showing...
Alcoa CEO sees aluminum demand doubling
Reuters reported that aluminum prices are expected to keep climbing and demand for the metal will likely double in the next decade. Mr Klaus Kleinfeld CEO of Alcoa Inc said that although aluminum markets are tight with demand outpacing supply, Alcoa has no intention of restarting additional US...
Neutral On Alcoa
We maintain our Neutral recommendation on Alcoa Inc. (NYSE:AA). Alcoa reported first-quarter 2011 earnings per share of $0.28, which was a penny ahead of the Zacks Consensus Estimate. However, revenues of $5.96 billion missed the Zacks Consensus Estimate of $6.112 billion. The company posted...
Brazil Primary Aluminum Output Fell 6.2% In April Vs Year Ago Abal
Brazil produced 118,400 metric tons of primary aluminum in April, 6.2% less than in the same month last year, Brazilian aluminum association Abal reported. Output in the first four months of the year fell 6.1% from a year ago to 473, 100 tons, the association said in a statement Monday. The fall in...
Aluminum's weight, durability cause strong demand
Brian Sylcott's last laptop computer developed a crack after being toted around for everyday use, and a corner of the plastic casing came off. He replaced it with an Apple MacBook Pro with a solid aluminum exterior. "I thought this might be a little sturdier," the Carnegie Mellon University...
Alcoa, CDB Announce Memorandum of Understanding to Support Aluminum Projects
Alcoa and the China Development Bank (CDB) announced today that they have signed a Memorandum of Understanding to collaborate on an array of aluminum and related projects both in China and abroad, focusing on Alcoa partnering with Chinese companies on global expansion projects and developing...
Smog-eating aluminum panels launch for buildings
Buildings that eat smog? Alcoa, a maker of aluminum products, introduced an architectural panel Thursday that it says not only cleans itself but also the air around it. The aluminum panel has a titanium dioxide coating that, when combined with sunlight, acts as a catalyst to break down pollutants...
Alcoa Meets Carbon Goal 10 Years Early
Alcoa has beaten its carbon reduction goal a decade early, according to the company’s 2010 sustainability report. Last year the company cut its greenhouse gas emissions to 22 percent below 2005 levels, exceeding a 2020 goal of a 20 percent reduction. Alcoa lowered its 2010 carbon intensity to seven...
Alcoa Meets Carbon Goal 10 Years Early
Alcoa has beaten its carbon reduction goal a decade early, according to the company’s 2010 sustainability report. Last year the company cut its greenhouse gas emissions to 22 percent below 2005 levels, exceeding a 2020 goal of a 20 percent reduction. Alcoa lowered its 2010 carbon intensity to seven...
RUSAL sees stroStacking Up the Aluminum Stocks: NOR, AA, AWC, CENX, KALU, ACHng demand, prices intact after Q1 profits rise
Did you know that about 40% of a stock's net performance has nothing to do with the company's merits, but is directly attributable to the sector/industry it's in, and that group's net movement? Ergo, you find a good (budding) sector, and the battle's almost half-won. Well, aluminum is apt to be one...
Alcoa beats 2020 carbon reduction target
Alcoa yesterday announced it has exceed its 2020 carbon footprint goal, the findings of which were released in its 2010 Sustainability Report. The report examines the company’s progress on the sustainability of its products, resources and operations. According to the report, Alcoa was also the...
Alcoa beats 2020 carbon reduction target
Alcoa yesterday announced it has exceed its 2020 carbon footprint goal, the findings of which were released in its 2010 Sustainability Report. The report examines the company’s progress on the sustainability of its products, resources and operations. According to the report, Alcoa was also the...
Alcoa beats 2020 carbon reduction target
Alcoa yesterday announced it has exceed its 2020 carbon footprint goal, the findings of which were released in its 2010 Sustainability Report. The report examines the company’s progress on the sustainability of its products, resources and operations. According to the report, Alcoa was also the...
Samsung Engineering wins USD 590 million deals
Reuters reported that South Korea's Samsung Engineering had clinched a USD 590 million deal with JV of Saudi Arabian Mining Company and US aluminum giant Alcoa to build part of a huge aluminum complex. Samsung already signed in February a letter of intent for engineering, procurement and...
Samsung Engineering wins USD 590 million deals
Reuters reported that South Korea's Samsung Engineering had clinched a USD 590 million deal with JV of Saudi Arabian Mining Company and US aluminum giant Alcoa to build part of a huge aluminum complex. Samsung already signed in February a letter of intent for engineering, procurement and...
BHP Billiton has no plans for Alcoa bid
Reuters reported that BHP Billiton was not planning a bid for US aluminum company Alcoa Inc. Mr Jacques Nasser chairman of BHP said at a business lunch when asked about whether that it's just not what we would do. BHP would consider bidding for Alcoa.
Alcoa announces Global Trends Driving Increased Aluminum Demand
The world is undergoing fundamental shifts that will shape the next 50 years -- trends that will increase demand for aluminum and products made by Alcoa, Company Chairman and CEO Klaus Kleinfeld told investors at Alcoa’s 123rd Annual Meeting of Shareholders, held today in Pittsburgh. Kleinfeld also...
