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>According to the report from the International Aluminium Institute and the Aluminum Association, the annual rate of global primary aluminium production was at 58.9 million tonnes during October 2016. This records a drop of 2.3 per cent from the September 2016 rate of 60.2 million tonnes. The...
<p>Consumption of aluminium foils is rising steadily all across the globe. According to Technavio's latest report, the global aluminium foil packaging market will grow at a CAGR of 3.69 per cent by volume during the period 2016-2020.<br /><br />Aluminium foils are produced by continuous casting and...
<p>Alumina prices have been rising globally over the last two months. In October, the prices rose rather steeply enticing integrated aluminium producers with alumina refining operations to gradually move to the alumina price index for pricing their products. Earlier, most standalone alumina...
<p>The global Bauxite resources are estimated to be 55 to 75 billion tons. Currently the total reported mine production from 27 countries stands at 245 million tons. The leading f bauxite producing countries are Australia, China, Brazil, Guinea, India, and Jamaica. These countries accounted for 87%...
<p>Alcoa has officially separated into two independent companies, as the aluminium major separated its upstream operations from the value added businesses that supply the aerospace and ­automotive markets.<br /><br />After the separation, shares of Alcoa Corporation- the spin-off that contains...
<p>The much talked about demerger is finally complete. Alcoa Corporation has spun off from its parent company Alcoa Inc- now named and listed on the New York Stock Exchange (NYSE) as Arconic Inc (ARNC). Launched as a global leader in precision engineering, multi-materials innovation, and advanced...
<p>Alcoa Corporation today announced that it has completed the separation from its parent company Alcoa Inc. (now named Arconic Inc.) and has begun operating as an independent, publicly-traded company listed on the New York Stock Exchange under the symbol “AA.” Alcoa Corporation is a...
<p>Alcoa is betting big on bauxite as the key growth factor that would drive the company after the split, observed an analyst at Market Realist. Until now, Alcoa would consume a major percentage of bauxite that it produces for its captive alumina operations. In the financial year 2015-2016, the...
<p>The month of October is so far growing positive for the global aluminium industry. The LME 3 Months aluminium is settled at USD1686 and the Cash contract is settled at USD1680 on October 13. Alcoa reported its Q3 results recording strong growth in its combined Arconic Segments and profitable...
<p>The NYSE-listed stock of US lightweight alloys specialist Alcoa on Tuesday closed down 11.42 per cent at $27.91 apiece after the company reported third-quarter results falling short of analyst expectations.<br /><br />Despite reporting a higher net profit of $166-million, or $0.33 a share, which...
<p>Mining and metals company Alumina today reported results for the quarter ended September 30, 2016. The Australian alumina refiner received US$91.8 million by way of distributions, dividends and capital returns during the period under review as its share from the joint venture AWAC that it has...
<p>The global lightweight metals major Alcoa reported third quarter 2016 results today. Arconic segments reported combined year-over-year profit growth despite near-term market challenges. Revenue totalled at $3.4 billion, ATOI $267 million, and adjusted EBITDA $517 million during the period under...
<p>Lightweight metals leader Alcoa reported third quarter 2016 results. In spite of near-term market challenges, Alcoa Corporation segments, Alumina and Primary Metals, maintained profitability sequentially despite continued low alumina and aluminium pricing by proactively managing costs and...
<p>Aluminium is racing ahead of other industrial metals including steel (in some areas) in terms of end use. From swank constructions to spacecraft the light metal is finding a place in every sector in various forms. Yet the metal has been experiencing extreme volatility since the past one year....
<p>According to a latest media update, U.S. Senator Charles Schumer pressed the International Trade Commission to take action against the alleged wrong trade practises by foreign metal producers especially China. He is concerned about the "predatory" trade practices damaging the business...
<p>Alcoa’s board has approved the New York Stock Exchange-listed aluminium giant’s demerger into two public entities, scheduled to come into effect on November 1.<br /><br />Spin-off Arconic will provide high-performance materials and engineered products to the aerospace and automotive...
<p>The Aluminum Association's Aluminum Transportation Group (ATG) today announces its new Chairman John Thomas, global marketing manager of automotive at Alcoa. Preceding Thomas is Tom Boney who was recently promoted to vice president of North American operations at Novelis. Ganesh Panneer, vice...
<p>Lightweight metals leader Alcoa Inc. recently announced a breakthrough in resistance spot riveting called the RSR joining system, a high-performance joining solution for multi-material vehicles. RSR technology can join dissimilar materials using the same equipment as conventional spot welds but...
