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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<p>Alcoa announced on Friday morning that its Portland aluminium smelter will resume production of the lost capacity after the federal and Victorian governments offered rescue packages for the smelter worth A$30 million ($23 million) and promises to keep the smelter open till 2021.<br /><br />The...
<p>Alcoa’s aluminium smelter in Victoria has shown “progress” after Australia government offered financial assistance to the 30-year-old aluminium smelter which was damaged by a state-wide power outrage in December 2016. The smelter has been running at one-third of its...
<p>The Australian Ministry has said on Monday January 9 that the government offered "substantial" financial support to Alcoa’s aluminium smelter in Victoria. The aluminium smelter in Victoria was damaged by state-wide power outrage in December that caused molten aluminium to solidify.</p>...
<p>Global alumina market witnessed a steady demand growth in 2016, driven by the China factor. New smelter starts and old capacity restarts in China coupled with supply difficulties buoyed prices up both in China and ex-China market. In the U.S. too, integrated producers like erstwhile Alcoa Corp.,...
<p>Alumina prices driven by growing Chinese demand and tight supply climbed significantly to touch US$351 per tonne in 2016- the highest in the last two years. The price graph picked up momentum from August onward with the upturn in all commodity prices. According to the commodities forecast,...
<p>Alcoa started 2016 on a 52-week low like any other mining companies and the stock continued with rise and fall throughout the year with the volatile commodity market. During November 2016, after the split into Alcoa Corporation and Arconic and Donald Trump’s election Alcoa saw some upward...
<p>Alcoa Corporation announced on Tuesday that it will permanently close the Suralco alumina refinery and bauxite mines in Suriname, which has been curtailed since November 2015.<br /><br />The Suriname government and Alcoa will continue to work on the agreement concerning Suralco’s remaining...
<p>According to sources privy to quarterly pricing talks, premiums for aluminium imported into Japan during the first quarter this year are set at US$95 per ton. The sources, who spoke to Reuters on condition of anonymity, indicated that the rise in spot premiums due to production problems at...
<p>Australia's 300,000-tonnes-per-year Portland aluminium smelter is operating at below a third of its capacity after power to the plant was temporarily knocked out three weeks ago, operator Alcoa Corp said on Wednesday.</p> <p>The smelter was hit when a power interconnector between the states of...
<p>Alcoa Corporation, the world’s largest bauxite miner, today announced that Alcoa World Alumina and Chemicals (AWAC) has secured its first major third-party contract to supply approximately 400,000 bone dry metric tons (bdmt) of bauxite from its Huntly mine in Western Australia (WA),...
<p>The year 2016 is marked by a continued slowdown in primary aluminium sector in the west and a distinct shift towards value added applications in aluminium. Aluminium producers around the world fought out to find ways and means to survive the slump in the commodity market. Cost...
<p>According to the latest series of data released by the International Aluminum Institute, China’s aluminium production in October 2016 increased 1.6 per cent from the corresponding period previous year. This marks the first consecutive year-over-year rise in China's aluminium production....
<p>Arconic Inc. today announced its levers for value creation and three-year financial targets through 2019 at its inaugural Investor Day event in New York.</p> <p>Arconic is focused on driving shareholder value. The Company has substantially improved its portfolio and margins since 2008, and today...
<p>Global technology, engineering and advanced manufacturing leader Arconic has signed more than $450 million in long term agreements over the past year with customers in North America , South America, Europe and Asia for its forged aluminum wheels. The largest is a long-term agreement with PACCAR,...
<p>Alcoa Corporation announced yesterday that Molly Beerman has been named Vice President and Controller of the company, and she will serve as principal accounting officer, effective Dec. 9.<br /><br />“Molly is a seasoned financial professional with a successful track record at Alcoa of...
<p>Arconic Inc.,a global technology, engineering and advanced manufacturing leader, announced today that it has earned a perfect score of 100 on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual...
<p>A fault on the Victorian transmission network on November 30 cut power to the potlines of Alcoa’s Portland smelter for more than five hours. Alcoa as a result has curtailed production at one of the potlines at its smelter to ensure safety of the workers.<br /><br />"Efforts are focused on...
<p>As reported by Recycling Today, Alcoa Corporation, Cleveland, has unveiled Sustana, its newest aluminium product, at the Aluminium 2016 exhibition in Dusseldorf, Germany. The new sustainable product line, which is manufactured with low carbon emissions and more recycled content would cater to...
