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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Lightweight metals leader Alcoa Inc. has announced that it will appoint Ulrich “Rick” Schmidt, John C. Plant and Sean O. Mahoney to serve on the company’s Board of Directors, effective February 5, 2016. These appointments will further strengthen the company and add valuable aerospace and automotive...
Lightweight metals leader Alcoa announced a long-term supply agreement with Boeing for multi-material aerospace parts. Under this agreement, Alcoa will supply components for the 777X-Boeing’s newest commercial airplane-the 737 MAX-scheduled for first delivery in 2017-and the 787 Dreamliner. The...
Alcoa announced today that it is expanding its Investor Relations capability in preparation for the previously announced separation of the Company during the second half of 2016. Matt Garth, Vice President of Financial Planning and Analysis, will take on the additional leadership of Alcoa's...
Alcoa has extended the range of lightweight wheel forgings supplied to Solomon Alsberg for their exclusive high-performance alloy wheels. The aerospace-derived metallurgy of the Alcoa blanks allows Solomon Alsberg to create a wide range of ultra-stylish wheels that improve vehicle performance and...
Lightweight metals leader Alcoa today announced it will delay the curtailment of its Intalco Works smelter in Ferndale, Washington until the end of the second quarter of 2016. The plant was initially scheduled to curtail by the end of the first quarter. The company announced a full curtailment of...
Lightweight metals leader Alcoa today announced that Karl Tragl will become President of the Company’s Transportation and Construction Solutions Group. He succeeds José Drummond, who resigned from Alcoa to become CEO of a Brazilian company. Tragl’s appointment is effective on February 15, 2016....
Aluminium settled down -0.61% at 97.75 logging small losses while LME aluminium, which has been the best LME performer this year, finished down 0.8 percent at $1,450 a tonne, the lowest since Dec. 1 last year. Prices may see support today as profits ahead of key trade data from China, but the...
Aluminium prices are unlikely to face the sort of erosion that has hit other base metals. Experts said prices are unlikely to drop below INR 93 per kg, having recovered to Rs 98.55 on Wednesday for January contracts after declining to INR 97.60 on January 7 on MCX from INR 99.90 on December 31,...
Alumina shares rose the most in almost seven years after Citigroup upgraded the stock, citing expectations that global production cuts can drive a recovery in prices. The Melbourne-based producer, partner of Alcoa in the world's largest alumina producer, rose as much as 13 per cent in Sydney, the...
Lightweight metals leader Alcoa reported fourth-quarter and full-year 2015 results, ending the year on solid operational footing. Fourth quarter 2015 revenue was $5.2 billion, down 18 percent from $6.4 billion in fourth quarter 2014. Organic growth in aerospace and acquisitions increased revenue 7...
Alcoa Inc.’s upbeat forecast for global aluminium supply and demand in 2016 is bullish. The world’s third largest aluminium company had said in November that it expects a deficit (demand exceeds supply) to the extent of 360,000 tonnes. Along with its fourth quarter results, the company on Tuesday...
Melbourne’s Alumina is expected to continue to pay dividends despite the crash in prices for its namesake intermediate aluminium product. The impact of the crash in alumina prices hit home yesterday with the release of Alcoa’s fourth (December) quarter results in the US, with Alcoa the manager of...
Lightweight metal major Alcoa reported fourth-quarter and full-year 2015 results yesterday. Despite lower alumina and aluminium prices, the Upstream verticals remained profitable. In the face of a 24 percent alumina price decline, after tax operating income (ATOI) was $98 million in the fourth...
Lightweight metals leader Alcoa has signed a long-term contract with GE unit GE Aviation for jet engine components in an agreement valued at more than $1.5 billion over the contract life. Under the deal, Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for a...
Australian company Alumina, the junior partner in the AWAC joint venture with Alcoa, said lower alumina and aluminium prices and unfavourable currency movements had negatively impacted margins during the final quarter of last year. The comments came as Alcoa, the first major US company to report...
Lightweight metals leader Alcoa announced full-year 2015 results yesterday, ending the year on solid operational footing. In fourth quarter 2015, the Upstream remained profitable despite lower alumina and aluminium prices. Every segment delivered productivity gains. The company also undertook...
The three alumina refineries in Western Australia’s southwest operated by the Alcoa and Alumina-operated AWAC joint venture have been spared in the latest production cuts made by AWAC in response to the crash in prices. The 60:40 per cent-owned AWAC joint venture operates the Kwinana, Pinjarra and...
Lightweight metals leader Alcoa today announced it will permanently close its 269,000 metric ton Warrick Operations aluminium smelter in Evansville, Indiana by the end of the first quarter 2016. The rolling mill and power plant at Warrick Operations will continue to operate. Once the actions...
