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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Mooneyham: Alcoa tries different approach?
... Recent actions by aluminum-maker Alcoa can only be interpreted a couple of ways. ... A reasonable use of that water then, and a reasonable use of it now, are two different things. If Alcoa’s opponents do smell fear, they’re also likely to double their efforts, ...
Alcoa Defense Congratulates Austal and Lockheed Martin on Littoral Combat Ship Award
...Alcoa Defense, the defense industry’s leading supplier of aluminum, titanium and other light alloys, today congratulated Austal USA and Lockheed Martin on receiving awards to construct the Littoral Combat Ship (LCS) fleet for the U.S. Navy. The LCS is the U.S. Navy’s first surface-combatant ship...
Dahlman Rose Upgrades Alcoa and Reliance Steel & Aluminum
... Dahlman Rose is upgrading Alcoa (NYSE: AA) and Reliance Steel and Aluminum (NYSE: RS) to Buy from Hold. Dahlman also initiates a PT of $22 and $63 respectively. ...
Alumina responds to Alcoa results
... Alumina Ltd (ASX:AWC) has announced figures from its 40:60 Alcoa World Alumina & Chemicals (AWAC) partnership with Alcoa Incorporated ... Alumia says it received $97.55 million of fully franked dividends from AWAC during the quarter, bringing the total dividend received for the year to $235.33...
Alcoa sees 12-percent aluminum growth
... Alcoa Inc, the largest U.S. aluminum producer, reported a fourth-quarter profit on Monday and projected a 12-percent rise in demand for the metal in 2011, driven by aerospace and auto manufacturing. But Alcoa shares, which hit a 12-month high last week, dropped 1.3 percent to $16.24 in...
Alcoa sales growth to slow down as China tackles inflation?
... Alcoa Inc growth in demand for aluminum in China, the world largest market for the metal will decelerate as government measures to curb inflation slow housing and automobile sales. ...
Hindalco stock up on expectations of good Q3 numbers
... Hindalco Industries gained 3 per cent today as investors expect it to come out with strong third-quarter numbers following robust figures reported by US rival Alcoa overnight. ... Hindalco is currently trading at Rs 226.60 per share, up Rs 3.80. The stock hit an intra-day high of Rs 231.40 and...
Aluminium maker Alco posts solid profits
... Aluminium maker Alco has kicked off earnings season in America with solid profits over the last three months. The company's net income was $258M, a marked improvement on its net loss of $277m dollars this time last year.Alco also says it expects the global economic recovery to bring a rise in...
Alcoa Smelter restarts show impact of aluminum price rise
... Alcoa said on Friday that it plans to restart idled capacity at three of its aluminum smelters resulting in 137000 tons of extra production in 2011 and 200,000 tons in 2012 Barclays says. Alcoa also stated that it will still have 674000 tons annually of smelter capacity idled after these...
Alcoa Sees `Headwinds' in Growth in China Aluminum Use as Car Demand Slows
... Alcoa Inc. said growth in demand for aluminum in China, the world’s largest market for the metal, ... China’s aluminum consumption will expand 15 percent in 2011 compared with 21 percent last year, the New York-based company said yesterday in its fourth-quarter earnings presentation. ...
Alcoa Rebounds to Profit; Sees Stronger Aluminium Demand
... Aluminium giant Alcoa has rebounded to profit, reporting fourth-quarter net income of $258 million, as company executives predict that world demand for the metal will double during the next ten years. ...
Highest Profit on Aluminum Posted by Alcoa?
... America’s giant aluminum producer, Alcoa Inc. gained 9 quarters’ highest profits after metal price neared pre-recession levels. ... In 2011, aluminum output is 43.2 million tons globally that exceeds 360,000 tons of consumption. 4.37 tons of aluminum inventories were at 5.3% as of Jan. ...
SMM Morning Review - 2011/1/12 Aluminum Market
... LME aluminum prices opened at an intraday high of USD 2,503/mt, with the lowest prices reported at USD 2,474/mt. Later, the weaker US dollar, stronger crude oil prices, and upbeat Alcoa's earnings report helped push up LME aluminum prices, and LME aluminum prices finally finished at USD...
AWAC profits weigh on Alumina
... Alumina Ltd has a 40 per cent stake in AWAC, the world's largest producer of alumina, with US giant Alcoa holding the remaining 60 per cent. ... Alumina received $US97 million ($A97.55 million) of fully franked dividends from AWAC during the quarter, bringing the total dividend received for the...
Alcoa Profit Tops Analyst Estimates as Aluminum Rises
... Alcoa Inc., the largest U.S. aluminum producer, ... Net income of $258 million, or 24 cents a share, compares with a net loss of $277 million, or 28 cents, a year earlier, New York-based Alcoa said today in a statement. Sales climbed 4 percent to $5.65 billion. ...
Alcoa intends to restart three idled aluminium smelters in the US
... Aluminium company Alcoa (NYSE: AA | PowerRating) said on Friday that the company proposes to restart idled potlines at three aluminium smelters in the US, ... This is expected to increase Alcoa's aluminium production by 137,000 metric tons over the course of 2011 and by 200,000 metric tons on...
Alcoa Q4 profit beats forecasts
... Alcoa shares, which had gained 0.4 per cent during the regular trading session and hit a 12-month high last week, were down 1.3 per cent at $US16.22 in after-hours trade on the New York Stock Exchange. Income from continuing operations was $US258 million, or 21 cents per share, excluding...
Alcoa Posts Highest Profit in 2 Years on Aluminum
... Alcoa Inc., the largest U.S. aluminum producer, reported its highest profit in nine quarters after the price of the metal approached pre-recession levels. The shares fell after sales missed analysts’ estimates. Net income of $258 million, or 24 cents a share, compared with a net loss of $277...
