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...
Grow with
AL Circle
Trading Alcoa
...New York, March 2nd (TradersHuddle.com) - Shares of Alcoa, Inc. (NYSE:AA) closed the trading session at $16.23 near its 50 day moving average currently set at $16.36. Alcoa's price action is below this important level, which makes the stock difficult to buy, as there will certainly be resistance...
U.S. economy recovering slowly: Alcoa CEO
...U.S. industrial demand for aluminum is growing, but is not at a level where Alcoa Inc will bring back production capacity it idled after the recession, Chief Executive Officer Klaus Kleinfeld said on Tuesday. He also told Reuters in an interview that the commercial construction industry in the...
Alcoa plans to fire up the third potline at the Wenatchee Works smelter on Tuesday. About 80 new employees have been working since last month to restart the line that was shut down in 2001. Plant manager Nik Winjum told The Wenatchee World it will take about three weeks to get the line fully energized and running.
...As the world celebrates International Corporate Philanthropy Day, Alcoa Foundation has announced a new $7 million investment to address regional environmental challenges, improve energy efficiency and enhance global reforestation projects. The investment aligns with Alcoa Foundation’s...
Wenatchee aluminum smelter restarting 3rd potline
...Alcoa plans to fire up the third potline at the Wenatchee Works smelter on Tuesday. About 80 new employees have been working since last month to restart the line that was shut down in 2001. Plant manager Nik Winjum told The Wenatchee World it will take about three weeks to get the line fully...
Alcoa celebrates 125 Years of modern aluminum
...Alcoa celebrated 125 years of its modern aluminum smelting process at the Oberlin College yesterday. The smelting process was opened by Charles Martin Hall, whom was just 22 years old when he discovered a way to create aluminum by separating it from bauxite ore through electrolysis...
Alcoa near Key Resistance Area
...Shares of Alcoa, Inc. (NYSE:AA) are trading very close to calculated resistance at $17.48 with the current price action closing at just $17.28 placing the stock near levels that make it difficult to buy...
Alcoa Wheels Recognized with "Top 20" New Product by Heavy Duty Trucking
...Heavy Duty Trucking recognized Alcoa Wheels, a key supplier to Wheel Torque Solutions, as a "Top 20" new product recently at the TMC Annual Convention in Tampa, Florida. Heavy Duty Trucking editors, in combination with members of the American Trucking Associations' Technology and Maintenance...
Alcoa Chief's Compensation Rose 10 Percent in 2010
...The CEO of Alcoa Inc. saw his compensation rise about 10 percent last year, to $12.3 million, as the aluminum company posted its first full-year profit after two years of losses, according to an Associated Press calculation from the company's proxy statement...
Alcoa debt rating confirmed, outlook raised
...The debt rating for aluminum company Alcoa Inc. was confirmed Tuesday at the investment grade level of "BBB-" by Fitch Ratings. Alcoa's rating outlook was raised to "Stable" from "Negative"...
Alcoa Puts $600M Into U.S. Plans
...Alcoa has made a $600 million contribution to its U.S. defined benefit plans in January, Pensions & Investments reports. The U.S. aluminum producer also plans to make a separate cash contribution of $200 million this year...
Rising Aluminum prices underpin Alcoa stock price
...Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina. The company has a significant presence in all segments of the aluminum industry and operates in more than 31 countries worldwide. The company competes with other international metals...
Alcoa restarts aluminum smelters in Bellingham
...Alcoa Intalco Works is restarting some idled aluminum smelting pots and has hired 55 more workers, a move that had been announced in January. The company is buying additional power to help meet demand for aluminum as global economic conditions improve. The capacity had been offline since 2008....
Alcoa CEO: The US Auto Industry has Totally Recovered
...Alcoa (NYSE:AA) CEO Klaus Kleinfeld spoke with FOX Business Network (NYSE:NWSA) about increasing demand for aluminum from the auto industry and ETFs. Here’s the video. It’s a bit of a commercial for aluminum, Your Cheat Sheet to his comments are below:...
Goldman Sachs Downgrades Noranda Aluminum Holding To Neutral (NOR)
... Goldman Sachs downgraded its Noranda Aluminum Holding (NYSE: NOR) to Neutral in a research report published today. ... over supplied aluminum market as a downside risk. Recent capacity restarts by Alcoa and Century as well as a planned restart of the potlines at the Hannibal smelter by Ormet
Intalco fires up formerly idled aluminum smelting pots
... Alcoa Intalco Works has announced that it’s switching on the first of the formerly idled aluminum smelting pots at the Ferndale facility. ....
Alcoa seeks 5 year relief for Wagerup
... West Australian reported that Alcoa is asking the WA Government for a 5 year approvals relief as the aluminum giant tries to resurrect the USD 2.2 billion expansion of its world class Wagerup alumina refinery south of Perth. The much hyped project was shelved indefinitely just over 2 years ago...
Iceland Resumes Alcoa Talks on Smelter, Vidskiptabladid SaysMongolia Beg
...Iceland’s government has resumed talks with Alcoa Inc. on building an aluminum smelter in the north of the island, Vidskiptabladid reported, without saying how it obtained the information. John Thuestad, Alcoa’s president of global production, and Marcos Ramos, the company’s president of global...
Samsung Engineering in initial Saudi, Alcoa deal | Reuters
... a bauxite mine and an alumina refinery is set to start by 2014. ... When Maaden and Alcoa first announced the project they said the mill ...
