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 Corporation projects a global aluminium deficit ranging between 1.7 million and 2.1 million metric tonnes with global demand growth in a range of 3 to 4%. Total aluminium shipments are expected to be between 2.8 and 2.9 million tonnes, which reflects the expiration of a can sheet tolling...
Alcoa said it expected the bauxite market to remain in surplus with global stockpile growth projected to continue in 2019, ranging between 7 million and 11 million tonnes, driven by China, which strategically holds bauxite due to uncertain sourcing within and outside of the country. The company...
Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, announced fourth quarter and full-year 2018 results. The company reported net income of $227 million in 2018, from $217 million in 2017.Excluding special items, adjusted net income stood at $675 million. Adjusted EBITDA...
The North America aluminium market was valued at $12,076.0 million in 2015 and is projected to reach $17,995.6 million by 2023, growing at a CAGR of 5.1% from 2015 to 2023, according to a new report published by ReportLinker, titled, "North America Aluminium Market by Processing Method,End-User...
According to a report, The Australian Workers Union (AWU) has condemned the Fair Work Commission’s (FWC) decision taken at the end of 2018 in favour of Alcoa that it could terminate its enterprise agreement with 1600 workers. On January 4, the union said it would fight against the FWC’s decision....
Alcoa Corporation announced that the company will cut half of the one operating potline’s 138,000 tonnes per year capacity at the Aluminerie de Bécancour Inc. (ABI) smelter in Québec, Canada. Alcoa owns 75 per cent of the aluminium smelter and Rio Tinto Alcan owns the remainder. The Bécancour...
According to the latest USGS release on Bauxite and Alumina in the Third Quarter 2018, imports of alumina by the U.S. in the third quarter of 2018 stood at 441,000 tonnes, 21% more than the 364,000 tonnes imported in the third quarter of 2017. Quarter on quarter, the volume was 25% more than...
Alcoa of Australia has reportedly acquired three new gas supply agreements. All three agreements, together, will supply close to 25 per cent of the company’s requirements in Western Australia from 2020. The agreements with BHP, Woodside, and Chevron, coupled with other gas supply contracts,...
On November 8, around 10,000 Spanish workers reportedly marched in Aviles, Spain, protesting the US-based aluminium giant Alcoa’s proposal to close down two of its smelters. They even sought for the intervention of the government regarding the said matter but received a hostile response. According...
Alcoa announced on Wednesday, October 17, its intention to cease operations at its Avilés and La Coruña aluminium plants in Spain with a combined annual production of 180,000 tonnes. The Aviles and La Coruna plants were two of the least productive within the Alcoa system due to structural issues...
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, reported third quarter 2018 results and announced a $200 million common stock repurchase program as part of the Company’s 2018 capital allocation framework. In the third quarter of 2018, Alcoa also used $194 million in...
The Alcoa 'Care-Free' aluminium home is a 1950s time capsule. The house is one of five well-preserved midcentury modern homes that will be open for touring on Oct. 13. This Alcoa "Care-Free" House was built by the aluminium major in St. Louis Park in 1958. Alcoa commissioned an architect to design...
With the faster growth in aluminium production, the world seems to see a continuous hike in demand for alumina, particularly in China and the Middle East. This in the future is expected to open up new trading opportunities for the alumina producing countries such as Australia, which is already the...
Alumina producers, including South 32 and Alumina Limited, on Thursday, October 4, reportedly experienced a sharp rise in shares post Norsk Hydro’s announcement of production shut at the world’s biggest alumina refinery Alunorte. Shares in Alumina Ltd rose as much as 11 percent on Thursday, October...
Alcoa, Century Aluminium, and Rio Tinto Alcan are the three notable aluminium smelters in Iceland. In the year 1969, Iceland started producing aluminium in Straumsvík (South Coast). During the first year, the production capacity was at 33 thousand tonnes, which currently is at 850 thousand tonnes...
The union at Alcoa’s aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. Unionised workers at two alumina refineries and...
China’s aluminium producers cut output by 3 percent in August from the month before, government data showed on Friday, as high raw material costs squeeze their profit margins. China, the world’s biggest aluminium producer, churned out 2.84 million tonnes of the metal last month, according to the...
The US dollar rose last Friday against all major currencies and closed 0.33% higher at 95.43. Base metals closed mixed. LME aluminium rose to a high of US$2,080 per tonne after settling flat on Friday as workers extended their strike at Alcoa's alumina operations in Western Australia. With pressure...
