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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Workers at Alcoa’s Western Australia have voted to reject a new workplace agreement and continue their strike, according to Reuters reports. The Australian Workers Union (AWU) today said 80 percent of workers had voted against company’s new workplace agreement as it offered zero job security....
According to the latest report on August 18, around 1400 workers have voted almost unanimously in favour of an indefinite strike that started last week for 20 months of negotiation. Workers from the Huntley and Willowdale bauxite mines, Bunbury Port, and the Kwinana, Pinjarra and Wagerup refineries...
On Monday, August 6 Alcoa requested Trump administration for an exemption from aluminium tariffs. The 130 year old aluminium producer was considered to be one of the companies which were benefitted from the tariffs as they faced stiff competition from import. However, the tariffs turned out to be...
Alcoa workers in Western Australia alumina refineries have walked out indefinitely over an enterprise agreement dispute with the aluminium maker, the Australian Workers’ Union (AWU) said on Wednesday. The strike comes after Alcoa applied to Australia’s workplace regulator to terminate its current...
The dollar index slipped 0.07% to 95.098 overnight, while the pound dropped to its lowest level in almost a year on Wednesday. LME aluminium surged and closed at US$2,116.5 per tonne on Wednesday night after closing the day’s trading at US$ 2022 per tonne. The market was buoyed by the news of...
Arconic Inc., the Alcoa spin-off, reported Q2 2018 results on July 31 with revenues of $3.6 billion, up 10% YoY. Organic revenue was up 5% YoY, driven by higher volumes in the commercial transportation, automotive, aerospace engines, defence, and building and construction markets. Arconic reported...
Right from Amazon to Toyota to Alcoa, big companies in the United States are striving hard to discourage the US President Donald Trump from tearing up trade agreements or introducing additional imported tariffs on aluminium and steel and foreign vehicles, but without getting involved into any kind...
Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, reported Q2 2018 results that were favourably impacted by strong pricing for both alumina and aluminium. “Market pricing continued to be favourable in the second quarter and drove a 38 per cent sequential increase in...
Alcoa, a global leader in bauxite, alumina and aluminum products, announced today that it will make a $62.4 million payment under an electricity supply agreement for its smelter in Wenatchee, Washington, and will permanently close one of four potlines at the fully curtailed facility. In connection...
Alcoa Corporation said on Tuesday, May 29, that the company has shut down one of the three potlines that are part of its Warrick aluminium smelter restart due to a temporary power outage at the plant near Evansville, Indiana. The annual capacity of the affected potline is approximately 50,000...
Alcoa Corporation, the world’s sixth largest aluminium producer with headquarter in Pittsburgh, Pennsylvania, has started working towards resuming its south-west Indiana smelter by this summer and already hiring workers for it. The Pittsburgh-based company had announced the permanent shut at its...
Alcoa Corporation and Rio Tinto, supported by technology giant Apple, will develop and commercialise a new aluminium smelting process that eliminates all direct greenhouse gas emissions from the traditional smelting process. Alcoa and Rio Tinto are forming Elysis, Montreal-based joint venture...
With a flourishing primary aluminium sector, Canada remains the top exporter of aluminium to the U.S. and the country is now rightfully negotiating on the 10% duty imposed on all aluminium imports. Canada is graced for a temporary period for further negotiation for a permanent exemption from the...
Alcoa Corporation, the world’s sixth largest producer of aluminium with corporate headquarters in Pennsylvania, announced on Friday, May 4, 2018, that its Quebec smelter is ready to conduct mediated contract talks with the United Steelworkers union and has also notified provincial labour ministry...
Roy Harvey, CEO of Alcoa Corporation, a global leader in bauxite, alumina and aluminium production, announced on Wednesday April 18, 2018, the company will redirect 800,000 tonnes of bauxite to the market which was otherwise committed to Rusal. As a consequence of US sanctions, Harvey believes that...
Alcoa Corporation, the leading global conglomerate in bauxite, alumina and aluminium, reported first quarter 2018 results that show resilient profitability amid lower alumina prices earlier in the year. The company closed the quarter on March 31, 2018 with $1.2 billion cash, down $162 million...
Australian bauxite export market is pegged at around US$30 million in 2018. After reaching an estimated 24 million tonnes in 2017, total bauxite export from the country is expected to total at 21 million tonnes this year. An earlier Department of Industry, Innovation and Science (DIIS) report had...
Alcoa Corporation the leading global conglomerate in bauxite, alumina and aluminium reported fourth quarter and full-year 2017 results yesterday. The results were positively impacted by strong alumina and aluminium pricing and management’s focus on reducing complexity, driving returns and...
