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 reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally...
Lightweight and high performance metals leader Alcoa announced that Roy Harvey, Executive Vice President, Human Resources and Environment, Health, Safety and Sustainability, is appointed President of Global Primary Products (GPP), succeeding Bob Wilt, effective immediately. Harvey previously served...
Lightweight metals leader Alcoa has signed an approximately $1 billion contract with Airbus for high-tech, multi-material aerospace fastening systems. The deal is Alcoa’s largest fastener contract ever with the aircraft manufacturer. Alcoa’s fasteners fly on every Airbus platform. “Our growing...
According to a study conducted by the Industrial Info Resources, Sugar Land, Texas, aluminium smelters across the United States have gone through a distressed phase of cutbacks and closures, amid a global oversupply and resultant price decline. Even so, downstream aluminium-related projects in the...
Alcoa has flagged a move to expand production at its Pinjarra refinery by up to 20 per cent, winning environmental approval to push the facility’s total alumina output to five million tonnes a year. The Environmental Protection Authority last month ticked off on an Alcoa application to amend...
The current imbalance in the aluminum supply/demand relationship inside China has spurred an oversupply which is resulting in two negative outcomes for the U.S. economy and the aluminum industry as a whole. It encourages illegal trade, trans-shipment, and re-melting of fabricated aluminum products,...
Pfaff Autoworks hosted its annual insurance open house last week. The event provided a chance for those in the insurance industry to become familiar with new trends in the collision repair space. The emergence of aluminum as a more common material in new cars took centre stage at the Pfaff...
Alcoa chief executive Klaus Kleinfeld says his company's plans to demerge its upstream and downstream businesses will give the company "optionality" for dealmaking, with analysts pointing to the potential for multi-billion dollar transactions involving Alumina Ltd, Rio Tinto and South32. The US...
Norsk Hydro ASA, Europe’s third largest aluminum producer, is likely to follow its larger competitor Alcoa Inc. in splitting itself to better cope with a slump in the aluminum market, according to an analyst at Norway’s Fondsfinans AS. It’s “just a matter of time” but Hydro is “not known as a fast...
New air pollution laws set to take effect in China next year may cut supply of a vital feedstock for the manufacture of aluminum, bumping up costs for a sector that has been battling with prices near multi-year lows. Legislators have approved amendments to China's 15-year-old air pollution law that...
Alcoa, the lightweight metal leader, announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies. The separation will launch two industry-leading, Fortune 500 companies- the Upstream Company and the innovation and...
Lightweight metals leader Alcoa announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year transformation. The separation will launch two industry-leading, Fortune 500 companies. The...
Lightweight metals leader Alcoa today announced it has completed an expansion at its Tennessee facility dedicated to supplying aluminum sheet to the automotive industry. The plant will provide aluminum sheet to automakers that include Ford Motor Company, Fiat Chrysler Automobiles and General...
Total aluminum recovered from scrap in July 2015 was 302,000 tons, slightly less than that recovered in June and in July 2014. Of this, 162,000 tons of aluminum was recovered from new scrap, 7% less than the amount during the preceding month but slightly more than the amount recovered in July 2014....
Ford F-150, America’s top-selling vehicle for 33 straight years, will shed even more steel. Ford announced it would use aluminium from Alcoa’s new micromill in Texas to make more automotive parts for the best-selling F-150 truck, which is now about 25 percent aluminium after switching to the...
Sinking aluminum prices and a ballooning surplus of the metal have deepened the industry's worst crisis in years, intensifying pressure on high-cost smelters to embark on another round of production cuts to revive prices from their malaise. The 25 percent drop since last September has pushed...
For the fourteenth year in a row, lightweight metals leader Alcoa has been named as one of the world’s leading companies for sustainability on the prestigious Dow Jones Sustainability Indices (DJSI)—a globally recognized and reputable benchmark for corporate responsibility and sustainability. Alcoa...
Lightweight metals leader Alcoa today announced it will commercialize its breakthrough MicromillTM technology, working with the Danieli Group, a global supplier of plants and equipment to the metals industry. Danieli will license Alcoa’s intellectual property associated with manufacturing advanced...
