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 announced the curtailment of Suralco’s remaining 887,000 metric tons per year of alumina refining capacity as discussions continue with the Government of Suriname on preserving the country’s bauxite and refining industry. The refinery is scheduled to be idled by...
Ford Motor Company and Alcoa Inc. are collaborating to produce next-generation automotive aluminum alloys that are more formable and design-friendly. Ford will use Alcoa’s Micromill® material in multiple components on the 2016 F-150 - becoming the first automaker to use the advanced automotive...
International Bauxite, Alumina & Aluminium Society (IBAAS), China Aluminium International Engineering Corporation Limited (Chalieco) and Suzhou Research Institute for Nonferrous Metals (SINR) have jointly announced that the Fourth IBAAS symposium (IBAAS-CHALIECO-SINR 2015) will be held in Suzhou...
Aluminium giant Alcoa is considering whether to keep alive a long-held plan for a multi-billion dollar expansion of its Wagerup alumina refinery. Senior executives are understood to be trying to mount a case for seeking a second extension to a crucial WA Government environmental approval that...
Lightweight metals leader Alcoa is expanding its R&D center in Pennsylvania to accelerate the development of advanced 3D-printing materials and processes. Alcoa will produce materials designed specifically for a range of additive technologies to meet increasing demand for complex, high-performance...
The chairman of the US commodities regulator and an executive from aluminium producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between US Commodity Futures Trading Commission (CFTC) chairman Timothy Massad and Alcoa...
The China Non-Ferrous Association announced this week that leading Chinese aluminum smelters intend to axe 2.4 million metric tons of capacity in the next couple of months. Nearly all the world’s net gain in production capacity has come from China this year and, while estimates vary, a portion of...
Alcoa yesterday announced $225,000 in grants to its long term community partners in Anglesea to help them transition to a future without Alcoa. Outgoing President Alcoa Refining and Managing Director, Alcoa of Australia, Mr Alan Cransberg, announced the grants to 14 local Anglesea organisations at...
Macquarie upgraded shares of Alumina (AWC) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday morning, Analyst Ratings Net reports. Several other analysts also recently weighed in on AWC. Credit Suisse reiterated a neutral rating on shares of Alumina...
Last night Alcoa powered down the Anglesea Power Station for the final time, after 46 years of operation. At 8:48pm, long term employees joined Power Station supervisor Bryce Hutton to shut down the station’s boiler, which produces steam to drive the turbine and produce power. “We were planning to...
Alumina Limited (AWC), the leading Australian mineral and metals company, has swung to profit in the half-year to the end of June, and expects to see solid margins in the second half as favourable exchange rates lead to lower production costs. Alumina (AWC) today posted a net profit after tax of...
Alcoa ramps up its criticism of the Commodity Futures Trading Commission (CFTC)'s intervention in the London Metal Exchange's warehousing reform plan, challenging the commodity regulator's handling of the issue for a second time in as many months. In a letter late last month, Alcoa general counsel...
Noranda Aluminum Holding Co has delayed efforts to ramp up production at its New Madrid, Missouri, smelter due to a sharp decline in aluminum prices, said President and CEO Kip Smith, as the company's quarterly losses widened. The company had previously expected the 253,000 tonne-per-year smelter...
Industrial metals from copper to zinc fell again on Wednesday, buffeted by a strengthening US dollar and nagging concerns about China. Aluminium, a lightweight metal used in everything from aeroplane bodies to drinks cans, was among the fallers. It dropped to a fresh six-year low after the Ministry...
Lightweight and high performance metals leader Alcoa today announced a realignment of its downstream segment as the Company’s value-add portfolio expands. Alcoa’s downstream portfolio will become two segments, one with a core focus on aerospace, and the other centered on the construction and...
As always, Thomson Reuters' Andy Home turns out some excellent commentary backed by solid statistics. In a recent article, he reviews comments made by Alcoa Inc's Klaus Kleinfeld about China’s primary aluminum production leaking out of the country under the cover of the burgeoning export trade in...
US aluminium giant Alcoa is globally seen as the bellwether for the silvery white metal industry. Such is its standing that every quarter it unofficially kicks off the US earnings seasons. Not surprising, therefore, Alcoa deciding two years ago to start switching off high-cost smelters to stanch...
China’s aluminum output advanced to a record, underscoring the threat to global producers as low-cost capacity expands in the world’s biggest supplier. The country made 2.8 million metric tons of aluminum in June, 18 percent more than a year earlier, National Bureau of Statistics data show....
