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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On an operational development, ABI Becancour smelter at Quebec locked out 1,030 unionized employees at around 3 a.m. Thursday. The smelter plans to use non-unionized workers to maintain operations at one of three production lines. The smelter, located halfway between Montreal and Quebec City has...
Alcoa’s recently-sold smelter at Portovesme has already found a private-sector buyer, as Swiss firm Sider Alloys is on the cusp of closing a deal to purchase the plant from the Italian government. Per industry media, Sider Alloys is planning to close the transaction by mid-February. The assets of...
Alcoa, a global industry leader in bauxite, alumina and aluminium products, announced that the company will release its fourth quarter and full-year 2017 financial results on Wednesday, January 17, 2018 after the close of trading on the New York Stock Exchange. Alcoa will also host conference call...
Alcoa Corporation, a global leader in bauxite, alumina and aluminium products, today announced decisions regarding smelting assets in the United States and Italy. The actions support the Company’s strategic priorities to reduce complexity and to strengthen the balance sheet. In the United States,...
Canada has been operating in the primary aluminium sector since 1901 when the Northern Aluminum Company (now Rio Tinto Alcan) established its first smelter in in Shawinigan, Québec. Canada ranks fourth in world aluminium production after China, Middle East and Russia contributing nearly 6% of world...
Alcoa Corp and the United Steelworkers have agreed to resume contract talks with a government-appointed conciliator, the union said on Thursday, averting a potential strike at the Becancour, Quebec aluminum smelter. The collective agreement for 1,030 unionized workers expired late Wednesday night,...
Unionized workers at Alcoa Corp’s Canadian aluminum smelter in Becancour, Quebec have rejected the company’s contract offer and adopted a strike mandate, the United Steelworkers said on Wednesday. The collective agreement for 1,030 unionized workers expires at 11:59 EST (0459 GMT) Wednesday, after...
Alcoa Corp. sees Chinese cuts in aluminum production returning the global market to “relative balance” as the Asian nation’s supply-side reforms begin to bite. The largest U.S. aluminum producer reduced its global surplus forecast for the lightweight metal this year as China appears to be holding...
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today reported a sequential increase in third quarter 2017 revenue and earnings, driven primarily by improved pricing in the aluminum business segment and higher shipments of aluminum and bauxite. In addition, the...
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today announced that the Company and power provider Luminant Generation Company LLC have terminated the electricity contract tied to Alcoa’s Rockdale Operations in Texas. The smelter at Rockdale has been fully curtailed...
The Aluminum Association recently announced membership growth, additions to its Board of Directors and the election of its first woman chair. The association also announced the winner of the 2017 Marlan A. Boultinghouse Award, the highest award given by the North American industry. The...
Aluminium price index has been trending higher. The prices of the key aluminium raw material were stable in June and July 2017 around the US$300 per tonne level, but they started gaining momentum up the track last month. Since LME and SHFE aluminium have been strong, alumina too seems to have...
The Southern Ports Authority in Western Australia announced last week (ending September 29) that it is set to export “some of Alcoa’s 2.5 million tonnes of bauxite” earmarked for sale over the next two years. Bunbury is the second port approved to ship bauxite for Alcoa already shipping the mineral...
Senior-level executives from Alcoa, Novelis, Scepter and the Aluminum Association will discuss continued demand growth and investment in the domestic aluminum industry during a media roundtable at the association’s annual member meeting in Washington, D.C on Wednesday, October 4. The U.S. aluminum...
Alcoa Corporation has been named a leader in the annual Dow Jones Sustainability Indices (DJSI) a recognized source for corporate responsibility and sustainability. In its first year as an independent company, Alcoa Corporation is included in the prestigious DJSI World Index. Alcoa’s former parent...
The Aluminum Association’s Aluminum Transportation Group (ATG) announced today the addition of two new member companies—Alcoa Corporation and Tri-Arrows. These additions bring total membership in the ATG to 11 companies. Both companies are leaders in producing aluminum alloys for automotive...
<p>Alumina Limited, the leading Australian resource company with focus on alumina refining, recently announced an impressive profit growth for the first half of 2017, thanks to higher commodity prices realized by its joint venture with Alcoa. </p> <p>Alcoa World Alumina and Chemicals (AWAC)...
<p>On Tuesday August 15, U.S. Senate Minority Leader Charles E. Schumer said that cheap aluminium and steel imports from China and other countries are impacting Alcoa and other domestic aluminium and steel companies.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
