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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Cimic Group's specialist end-to-end engineering and services provider, UGL, has been awarded five multi-year energy and resources contracts in Western Australia amounting to $136 million. The projects will start in late 2022. However, UGL will work with its existing client, Alcoa, per the contract...
Australia’s aluminium biggies reportedly support a federal plan to cap coal and gas prices to contain high energy bills, claiming energy-intensive industries are at risk until provided immediate price relief. The proposed price cap is $12 a gigajoule, which gas producers think will deter vital...
Sustainability, or the urge to shift towards a greener environment, has become the need of the hour. Top companies and individuals, including the aluminium sector, are leaving no page unturned to shift towards this greener industry. Aluminium, also known as green metal, is considered one of the...
Earlier in November, renowned aluminium producer from America, Alcoa Corporation, inaugurated a brand new bauxite residue processing unit in Brazil. The facility makes good use of water and land conservation methods that it had practised to perfection in Australia. The latest Poços de Caldas...
Although the Australian aluminium industry has been operating in Australia since 1955 and now includes bauxite mining, alumina refining, aluminium smelting and downstream processing industries, it continues to innovate to meet the needs of consumers today and into the future. Marghanita Johnson,...
Sustainability, or the urge to shift towards a greener environment, has become the need of the hour. Top companies and individuals, including the aluminium sector, are leaving no stone unturned to shift towards a greener industry. Aluminium as a metal generates around 1.1 billion tonnes of carbon...
This week, the global primary aluminium segment recorded many important events. To begin with, with the news of the London Metal Exchange not prohibiting Russian metal from being traded on its platform, there was a rush to negotiate contracts with the two largest mining and smelting firms in...
The Pittsburgh, US-based industrial corporation and eighth-largest aluminium producer, Alcoa, supports the proposal submitted last week by Russian aluminium giant Rusal for the London Metal Exchange to bring forth the details concerning the source of all metal in LME-approved warehouses. Following...
Australia could emerge as a leader in net-zero alumina refining worldwide if it obeys a plan developed by three major producers, Alcoa, Rio Tinto, and South 32. Together, the three organisations have developed a detailed road map that ensures net zero emissions by 2050. The report was published by...
Ardagh Metal Packaging (AMP) has united prime aluminium industry monarchs in agreeing with the Mission Possible Partnership (MPP) terms, which is an initiative to reach the shared global stakeholder idea of achieving net zero emissions by 2050. The Mission Possible Partnership, a non-governmental,...
Alcoa Corporation, the world’s eighth largest aluminium producer, won the Aluminum Industry Leadership award at the 10th annual Platts Global Metals Awards, which recognise and celebrate leadership, innovation, stewardship and commitment to a greener future. Kelly Thomas, Alcoa’s Executive Vice...
The Pittsburgh-based industrial production and the world's eighth-largest aluminium producer, Alcoa, is lowering its outlook for alumina and bauxite shipments on the ground of demand contracts and reducing output. According to the Q3 earning report, the company anticipates alumina shipments to...
For the third quarter of 2022, Alcoa Corporation has reported a quarterly loss of 21.7 per cent in revenue from $3,644 million to $2.851 million, while on a year-on-year basis, it dropped by 8.36 per cent from $3,109 million. Adjusted EBITDA excluding special items nosedived by 77 per cent from...
Following the recent military escalation in Ukraine, Alcoa is pressing the Biden administration to obstruct U.S. aluminium imports from Russia. As a result, aluminium prices increased by more than 3 per cent. According to recent news reports, the White House is reportedly exploring various...
On Thursday, September 6, Alcoa Corporation announced a new power purchase agreement (PPA) with Endesa to facilitate reopening the San Ciprián aluminium smelter in Spain. Endesa is a well-known power provider in Spain and a division of the Enel Group. From 2024 through at least 2030, the agreement...
The International Organization of Aluminium Aerosol Container Manufacturers (AEROBAL) revealed that during the first half of 2022, global exports by its members had increased by 5.5 per cent, reaching a total of almost 3 billion units. According to the reports, the surge in demand was mainly...
The Mission Possible Partnership (MPP) has attracted more than 200 industry leaders to support efforts to decarbonize some of the world's most challenging and carbon-intensive industries. More than 60 companies have endorsed new plans presented at New York Climate Week for producing near-zero...
This week the downstream sector has been alive with innovative incidents where, Greek aluminium and copper producer, Elvalhalcor, was found estimating the company’s crossover to liquefied petroleum gas (LPG) from fossil fuel (natural gas) to help de-escalate its power bill. To manufacture new...
