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...
Grow with
AL Circle
Another wave of layoffs was announced at the Alcoa Point Comfort plant this week after the company initially hit the brakes on production in November. Notices were given to employees this week at the Point Comfort plant that detailed when the latest round of layoffs will begin. An estimated 60...
Lightweight metals leader Alcoa today announced that Karl Tragl, Group President of Transportation and Construction Solutions (TCS), has been appointed Group President of Engineered Products and Solutions (EPS), succeeding Olivier Jarrault, effective May 16. Jarrault will leave Alcoa after working...
Diversified metals and mining major Vedanta Resources has pegged its aluminium production cost below the level of $1400 a tonne in this financial year, aiming to close in on the gap with global producers like Rusal, Rio Tinto Alcan and Norsk Hydro. For Vedanta, keeping to its projected cost seems a...
The Board of Directors of Alcoa today declared a dividend of $6.71875 per share on Alcoa’s 5.375 per cent Class B Mandatory Convertible Preferred Stock (“Class B Stock”) payable July 1, 2016 to holders of record of the Class B Stock at the close of business on June 15, 2016. The dividend on the...
Alcoa's Australian partner Alumina Ltd says demand for aluminium is expected to remain strong and the company is well positioned as it looks to secure higher prices. Chief executive Peter Wasow said strong growth in demand for aluminium was expected to continue, and Alumina's Alcoa World Alumina...
According to the USGS Mineral Industry Survey report, only two companies reported domestic production of primary aluminum in February 2016 because of the recent smelter shutdowns. Consequently, production data were withheld to avoid the release of proprietary data. Total aluminum recovered from...
Lightweight metals leader Alcoa today announced it has reached an agreement with the Bonneville Power Administration (BPA) that will help improve the competitiveness of its Intalco aluminium smelter. As a result, the smelter will not curtail at the end of the second quarter as previously announced...
The Aluminium Association of Canada (AAC), consisting of Alcoa, Alouette and Rio Tinto, is thrilled with the decision of the United Steelworkers (USW) to withdraw its petition for the imposition of a 50 per cent tariff on aluminium imports. "We share the USW's determination to find solutions to the...
A project that could lead to the use of solar thermal technology by Australia’s large industrial sector – and cut its reliance on fossil fuels in half – has been selected by the Australian Renewable Energy Agency in its latest round of funding. Led by the University of Adelaide, the project will...
Alcoa has agreed to a new power deal for its 279 000 t/y Intalco aluminium smelter in Washington state, according to a statement from its power supplier, staving off the closure of one of the last remaining US aluminium plants. Both sides struck a deal starting on July 1 that would keep 2.5...
Aluminium prices rose for a while in the March quarter but gave up most of those gains towards the end of the quarter. Here comes more gloomy news. Aluminium producer Alcoa Inc. said global demand for aluminium will grow by 5 per cent this year, instead of the 6 per cent it had forecast in January....
Lightweight metals major Alcoa announced yesterday first quarter 2016 results reflecting solid performance. During the period under review, downstream and value-added business segments of Alcoa, namely, Global Rolled Products (GRP), Engineered Products and Solutions (EPS) and Transportation and...
Lightweight metals leader Alcoa reported solid first quarter 2016 performance. Arconic segments (Value-Add) reported year-over-year profit growth and the Upstream segments, Alumina and Primary Metals, remained profitable despite continued low pricing. The company is on track to complete its...
Australia’s Alumina is confident recent moves to restructure its business will pay off in the near term, after the price of its alumina rallied in the wake of its cost-cutting program. But the group’s joint venture partner, US aluminium giant Alcoa, isn’t as upbeat about the state of the industry...
US primary aluminium production will drop to 0.8Mt in 2016, down from 1.6Mt in 2015. The strong US dollar, relatively high power prices, and low metal prices are behind this major reduction in output. Ingot production will be the hardest hit, but the continuation of slab casting at Alcoa's Warrick...
The Micromill is Alcoa’s proprietary technology that manufactures the most advanced aluminium sheet on the market, according to Alcoa. Since being introduced in December 2014, Alcoa has achieved some significant breakthroughs, producing more formable aluminium sheet, with greater strength, lighter...
Alcoa, the world’s largest bauxite miner, today announced that Alcoa World Alumina and Chemicals (AWAC) has secured multiple bauxite supply contracts valued at more than $350 million over the next two years. Under the contracts, the Company will supply bauxite to external customers from three of...
Global lightweight metals major Alcoa has announced that the company will hold a conference call on Monday, April 11 beginning at 5:00 p.m. EDT to discuss first quarter 2016 results and business developments. The conference call will be webcast live via Alcoa's website with presentation materials...
