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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Arconic, a leading provider of aluminium sheet, plate and extruded product, will expand its Blount County manufacturing operations with more than $100 million investment in Tennessee. The expansion will meet the rising demand for industrial products and can sheet. This will bring 200 new jobs to...
According to a recent report, FYI Resources (FYI) and Alcoa Australia have extended their exclusive agreement period for possible high purity alumina (HPA) joint venture. The companies started correspondence with each other over the potential partnership in May. Within three months’ time, due...
Alcoa Corporation expects double-digit growth in the sales of its value-added products this year based on the continued economic recovery and improved demand for aluminium across all end markets. The company forecasts an improvement in shipments across all segments. Bauxite is estimated to improve...
On Friday, July 16, Alcoa Corporation reported the highest profitability since inception in 2016 with record quarterly net income and earnings per share, attributing to strong aluminium pricing with improved customer demand, stable operational performance, and additional cash generation through...
Primary aluminium sector witnessed China’s state metal reserves took only one of two days allotted of the auction to sell 50,000 tonnes of aluminium. LME official settlement price extended decline for the third day in a row, while SMM aluminium price performed mixed this week. Let's summarize some...
Alcoa Corporation will supply low-carbon primary aluminum EcoLumTM to WKW Extrusion’s Erbslöh Aluminium for its new brand of semi-finished extrusion alloys. The products will help downstream industries improve the environmental footprint of their products and supply chains with low-carbon,...
On 29th June 2021, the construction of the first commercial-scale prototype cells of ELYSIS’ inert anode technology commences at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec eliminating all direct greenhouse gases from aluminium smelting, which is considered a major step forward. The...
Alcoa Corporation has laid out a detailed plan of leveraging renewable energy to refine alumina in an attempt to cut 70 per cent of carbon emissions. Among Australia’s emissions-intensive exports, alumina and aluminium are the highest at risk for carbon border tariffs that the European Union is set...
The Government of Canada invested in improving energy efficiency to achieve net-zero emissions by 2050. The Honourable Seamus O'Regan Jr., Minister of Natural Resources spent $40,000 to Alcoa Canada for an energy information system to cut energy costs and greenhouse gas emissions at its...
The Australian Aluminium Council, which represents Australia’s bauxite mining, alumina refining, aluminium smelting and downstream processing industries has appointed Alcoa’s Vice President Operations Australia and President Alcoa Australia Michael Gollschewski as its new President. On his...
The average alumina spot price in China recorded total growth of RMB 33 per tonne this week on Tuesday, May 18, and Friday, May 21, while on the other days remained muted, according to the Shanghai Metals Market data. Other major activities in the global alumina sector included Alcoa Corporation...
Alcoa Corporation has received $8.8 million (A$11.3 million) grant from The Australian Renewable Energy Agency (ARENA) to test the potential use of renewable energy in a process known as Mechanical Vapor Recompression (MVR). Alcoa of Australia intends to install a three megawatt MVR module with...
FYI Resources Limited has signed deal with Alcoa Australia Limited for detailed negotiation for a possible high purity alumina (HPA) project joint venture. During the 90-day exclusivity period that started on 5th May 2021, both the companies will carry out further due diligence to establish the...
Alcoa Corporation has published its 2020 Sustainability Report, highlighting the company’s progress against key environmental, social and governance (ESG) objectives. The report has been prepared in accordance with Global Reporting Initiative (GRI) Standards. “Our latest sustainability report...
Alumina Limited has become new General Supporter member of ASI, bringing the total number of ASI Members to 165. The company invests in bauxite mining, alumina refining and aluminium smelting through its ownership of a 40% interest in the AWAC (Alcoa World Alumina & Chemicals), managed and owned...
On 20 th April 2021, ELYSIS made public that it has selected the Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec, for the foremost installation and demonstration of its inert anode technology at a commercial size of 450 kiloamperes (kA), which is a common capacity for modern, full-scale...
The American industrial corporation and one of the global leading aluminium producer, Alcoa, has reported its best first-quarter performance in four years as demand heightened at the beginning of 2021. Wall Street prediction for Alcoa was averagely around $450.8 million, but the country’s largest...
Kaiser Aluminum Corporation has completed the acquisition of rolling mill and associated assets from Alcoa Corporation for a purchase price of $670 million. The deal closed on March 31, 2021. The purchase price was funded with a combination of existing cash on hand, and the assumption of other...
