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 has announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminium price dropped approximately 30 percent, and the alumina price Index fell approximately 40...
Metals giant Alcoa says its West Australian alumina refining operations have not been affected by the Waroona bushfire. However, its Alcoa Farmlands business has sustained some damage as a result of the fire. The Farmlands offices, comprising two buildings, south of Hamel, have been destroyed and...
Empire State Development approved $101.1 million in economic development funding that is expected to create 634 jobs across the state, but St. Lawrence County’s share of the money will go largely to Alcoa in an effort to retain jobs. Statewide the funding supports projects that are creating 634 new...
Aluminium producers across the United States have eased plans to cut primary aluminium smelting capacity, helping to slightly soften the blow to US anode-grade petroleum coke markets. The cuts still shrink the US aluminium industry's demand for coke by nearly one-third from 2014 levels. Early...
ACTION (Alcoans Coming Together in Their Neighbourhoods) is a program developed by the Alcoa Foundation to recognise the collective efforts of Alcoa employees in communities where they live and work. ACTION recognises the team efforts of Alcoa employees who spend a minimum of 20 hours on community...
Lightweight metals leader Alcoa announced long-term supply contracts with Boeing valued at over $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever. Alcoa also will supply ready-to-install titanium seat track assemblies for...
Brazil's primary aluminum production fell 20.5% through November to 708,500t, local Aluminum Association Abal reported. Primary aluminum output in November dipped 11.5% year-on-year to 69,300t. Brazilian production of the metal began declining in March 2014 and has yet to bounce back. For full-year...
Aluminium was notable on account of a flurry of production announcements, not all of them bullish. Alcoa, for example, said that it would take out 500,000 tons at three of its four US smelters, although its Massena smelter was saved after NY State intervened with an aid package. However, South...
The Midwest aluminum premium has risen as fears about costs set in after Alcoa’s announcement that it is shuttering much of its North American smelting capacity. Midwest premium rises on Alcoa shutdowns announcement The US Midwest aluminum premium has risen to its highest level in six months,...
Lightweight metals leader Alcoa today announced executive management appointments for the future Upstream and Value-Add Companies, expected to become effective upon completion of Alcoa’s previously announced separation in the second half of 2016. Roy Harvey, Executive Vice President and Alcoa...
Alcoa continues to rally following confirmation that Paul Singer’s Elliott Management bought a 6.4% stake in the company, which says it has had "constructive discussions" with Elliott. The activist firm also supports Alcoa's planned spinoff next year, announced in September, of downstream assets...
Lightweight metals leader Alcoa today announced that it has entered into a three-and-a-half year agreement with New York State to increase the competitiveness of the Massena West smelter. The company had previously announced plans to curtail the facility amid prevailing market conditions. The...
Leading aluminium producer Aloca plans to decommission MV Portland, the ship used until now for domestic supply chain. Citing the parlous state of aluminium industry, the company said it was a strategic decision ahead of 2017, when operating life of Portand comes to an end. Cost to keep it...
Tensions continue to mount among US producers of aluminum over the rise of imports from China. Despite weak commodity demand, Chinese producers continue to feed the production glut. As a consequence, aluminium prices are at their lowest levels in six years. Recently, Aluminium Corporation of China...
Alcoa’s latest aluminum-making cutback is signaling the end of an iconic American industry. For 127 years, the New York-based company has been churning out the lightweight metal used in everything from beverage cans to airplanes. Now, with prices languishing near six-year lows, it’s wiping out...
Aluminium major Alcoa says it will be shutting down its West smelter plant in Massena and will abandon plans to modernize the already-shuttered Massena East plant. The announcement from the company will put nearly 500 people out of work, the latest in a long series of cutbacks in Alcoa's Massena...
Aluminium prices inched higher last week boosted by Alcoa‘s production declines. Physical premiums too improved slightly driven by the recent short-term price movements. However, there is even more to look at for those investing in firms like Alcoa, Rio Tinto Group and Norsk Hydro – notably, the...
Lightweight metals leader Alcoa reported progress on the company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. As the company prepares for the separation, both the Value-Add...
