Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce...
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Alcoa, a Pittsburgh-based industrial corporation and the global industry leader in bauxite, alumina , and aluminium products, celebrates 59 years of aluminium excellence in Brazil. Alcoa marked 59 years of operation in Brazil on May 14, commemorating the occasion with investments in cutting-edge...
Alcoa Australia is strengthening its enduring dedication to safeguarding, revitalising, and disseminating knowledge about the forest by establishing a dedicated research centre. Over the next five years, the Forest Research Centre will receive $9.9 million in research funding from Alcoa, in...
The global heavy metal industry is undergoing a significant transformation. It is prioritising the use of recycled materials to eradicate carbon emissions and promote sustainable practices. In response to escalating environmental concerns and climate volatility, international heavy metal brands are...
On April 17, Alcoa Corporation announced its operational and financial results for the first quarter of 2024 ended March 31, whereby it noted the revenue of $2.6 billion, down by 3.7 per cent from $2.7 billion a year ago but remained at par to the previous quarter. From the alumina business,...
On April 15, the stock price of aluminium giant Alcoa soared by over 3 per cent, buoyed by a surge in aluminium prices. The uptick followed a joint announcement from the US and UK regarding fresh sanctions targeting Russian metals to keep Moscow under pressure for the Ukraine-Russia geopolitical...
According to the International Aluminium Institute, alumina production in North and South America dropped considerably in February 2024. On a Month-on-Month scale, the alumina production in North America has dwindled by 15.5 per cent or 31,000 tonnes from 200,000 tonnes in January 2024 to 169,000...
According to the data released by the International Aluminium Institute (IAI), the total primary aluminium production in North and South America combined was 438,000 tonnes in February 2024, of which South America accounted for only 27.40 per cent. In contrast, North America produced the lion's...
Alcoa Brasil announced Daniel Santos as the company's new president and vice-president of Operations. The executive will have the challenge of commanding more than 15 thousand employees in the three operating units, located in Juruti (PA), Alumar (MA) and Poços de Caldas (MG), boosting operational...
The US Census Bureau data showed that the country's domestic primary aluminium production marked a slight slowdown at the beginning of 2024. The year began by continuing the downtrend of 2023 when the US primary aluminium production amounted to 750,000 tonnes compared to 861,000 tonnes in 2022....
On March 11, 2024, Alcoa announced that it has entered into a binding Scheme Implementation Deed with Alumina Limited, under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction...
Global law firms Davis Polk & Wardwell and Ashurst are advising American aluminium giant Alcoa Corporation regarding its proposed acquisition of Alumina Ltd, an Australian alumina and bauxite producer. The acquisition, structured as an all-stock transaction, values Alumina Ltd. at USD$2.2 billion....
On February 25, Alcoa announced a new agreement with Alumina Limited regarding acquiring Alumina Limited, pending the finalization of a scheme implementation agreement. The companies have signed an exclusivity and transaction process deed with Alumina Limited's Board of Directors indicating its...
A report revealed on Tuesday, February 6, that Shanghai Ace Investment & Development Co., Ltd., a China-based company engaged in supply chain logistics and supply chain implementation of the trading business, mulls over signing bauxite purchase and sale contracts with Alcoa World Alumina LLC and...
Alcoa Corporation's announcement to sell its closed Intalco Works aluminium smelter to Canadian energy company AltaGas Ltd. has sparked interest and speculation about the future of the sprawling complex near Ferndale. The smelter, once a primary aluminium producer, faced closure, and Blue Wolf...
On Thursday, February 1, Alcoa Corporation announced its aluminium supply deal with global cable producer Nexans. Alcoa will supply aluminium produced through its breakthrough ELYSIS process that eliminates all direct greenhouse gas emissions from the smelting process. Nexans will be the world’s...
The aluminium end-user sector experienced notable happenings last week, with the Global shipments of aerosol cans growing by 6% in 2023, with personal care products making up most of the increase. Ball Corporation, Novelis, and Alcoa collaborated on a sustainable, 90% recycled aluminium cup. NOMOQ...
The Aluminium Association of Canada (AAC), representing the three Canadian world-class aluminium producers – Alcoa, Alouette, and Rio Tinto - has wholeheartedly accepted the government’s decision to add aluminium to Quebec’s list of critical and strategic minerals. According to AAC, the...
In an enigmatic move within the ambit of the #FirstMoversCoalition, Ball Corporation and Novelis have seamlessly joined forces with Alcoa to unveil a distinctive edition of the Ball Aluminum Cup®. This avant-garde creation, premiered amid the intellectual milieu of Davos at #WEF2024, serves as a...
