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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The misearbly distressed US aluminium industry is fighting for survival as the price of aluminium plumbs depths not seen since 2009. Century Aluminium, a company owned by the Glencore Group, that suffered huge losses in the recently ended quarter, is fighting back. A lobby group funded by Century...
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. The company delivered the update at its 2015 Investor Day event in...
US aluminium premiums have jumped to their highest in three months after Alcoa announced plans to idle the bulk of its US smelting capacity, stirring speculation among traders that the market may have turned a corner. Spot CME Midwest premiums rose to 8 cents/lb on Monday for the biggest one-day...
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. Alcoa also outlined a clear roadmap to complete its separation in...
Aluminum notched higher after Alcoa Inc., the largest U.S. producer, announced reductions in smelting and refining capacity, in a latest response to Chinese export deluge that have created a global surplus and driven prices to the lowest level in more than six years. The metal used to make...
A recently conducted research reveals the global industrial casting market is slated for growth at 7.88% CAGR over 2015-2019 period. Increased simulation-based castings and development of trends involving conducive government regulations have been identified as the major growth drivers in the...
Lightweight metals leader Alcoa announced that it is taking decisive action to curtail uncompetitive smelting and refining capacity to ensure continued competitiveness amid prevailing market conditions. The company will reduce aluminum smelting capacity by 503,000 metric tons and alumina refining...
Lightweight metals leader Alcoa today officially opened its state-of-the-art jet engine parts facility in La Porte, Indiana. The facility doubles Alcoa’s capacity in La Porte and provides new capabilities that broaden its reach in engines for large commercial aircraft. The new plant will meet...
Aluminium hits a fresh six-year low as spot aluminium closed at $1,442 per metric ton in the London Metals Exchange (LME) on October 26. Prior to this, spot aluminium made a closing low of $1,496 per metric ton on August 24. Of all base metals, aluminium looks the weakest as of now in the commodity...
Aluminium prices in China fell to a seven-year low on Thursday, adding to difficulties facing companies in the world’s largest producer. China supplies more than half of the world’s aluminium, but a slowing economy and global glut of the lightweight metal have weighed on prices. Aluminium on the...
Workers at Alcoa's Intalco Works aluminum smelter voted to accept the company's final contract offer, staving off a second labor dispute at a U.S. smelter this year as prices tumble below production costs. "The Contract was accepted," The international Association of Machinists & Aerospace Workers...
Alcoa is the largest global bauxite and alumina producer, with a strong first quartile cost position in both businesses. Alcoa reports the earnings of its bauxite mining and alumina refining business under its Alumina segment. The segment supplies alumina to Alcoa’s Primary Metals segment as well...
Shares in United Company Rusal, the world’s biggest aluminium producer last year, rose in Hong Kong on Tuesday, October 13, after approving its first-ever dividend payment, even as commodity producers grapple with a rout in prices. The company, controlled by Russian billionaire and president Oleg...
Alcoa could begin shipping bauxite to potential customers in Asia early next year after the State Government approved the trial export of up to 500,000 tonnes of raw ore. Alcoa has for some time been exploring the possibility of joining Rio Tinto in exporting raw bauxite ore from Australia, sending...
Alcoa shares dropped in extended trading on Thursday last week after it missed third-quarter earnings and revenue forecasts and slashed its outlook on key Chinese end markets. Earnings sank 77% to 7 cents per share, as revenue dropped 11% to $5.57 billion. Consensus was for EPS of 13 cents on...
Lightweight metal major Alcoa Inc reported after-tax operating income (ATOI) decline in third quarter 2015 in its rolled products and end use segments. However, strong productivity gain was reported in both the segments, which has long-term significance, as far as Alcoa's diversified business is...
Alcoa Inc., the largest U.S. aluminium producer, maintained its forecast for global consumption of the metal. Demand is set to climb by 6.5 percent this year, New York-based Alcoa said in its third-quarter earnings statement. That matched the company’s prediction in July. Analysts at Morgan Stanley...
Lightweight metals leader Alcoa today announced a contract to supply titanium for Lockheed Martin’s F-35 Lightning II aircraft program, also known as the Joint Strike Fighter (JSF). Under the contract, Alcoa becomes the titanium supplier for airframe structures for all three variants of the F-35...
