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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Alcoa Inc.’s revised outlook for aluminium in 2015 comes close on the heels of a sharp fall in metal prices. Aluminium on the London Metal Exchange (LME) has fallen 15.3% since a year ago and by 6% since 1 June. Alcoa’s results for the June quarter reflect the impact of falling prices, although the...
Australian company Alumina Ltd says it received $US71 million in income in the first half, while its joint venture partner Alcoa has announced a small quarterly earnings boost. Alumina is a 40 per cent partner in the global aluminium giant's Australian interests and its chief executive Peter Wasow...
Alcoa Inc., the largest U.S. aluminum producer, more than doubled its estimate for the global supply surplus this year amid increasing output from China. Supply will exceed demand by 762,000 metric tons, the company said Wednesday in its second-quarter earnings presentation. That’s up from an April...
Lightweight metals leader Alcoa has reported solid second quarter 2015 results on July 9, 2015 as the Company’s transformation showed strong progress. Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive...
Alcoa’s strategy to build its innovative value-add portfolio, both organically and inorganically, remained on course in the second quarter. And the company continues to project steady growth in 2015 across the majority of its end markets. In the aerospace sector, the Company expects global sales...
The world’s biggest aluminum makers will be under even more pressure to make deeper production cuts and stave off a price slump that saw the metal trade near its lowest level in six years on Wednesday. China, which accounts for half of the world’s aluminum output, is on pace to export record...
Alcoa shares have declined by a third since February. And things could have been worse, had it not made the changes it did. The aluminium maker's strategy, pursued over the past several years, has two planks. First, it wanted to make its core "downstream" aluminium production business more...
Alan Cransberg, President of Alcoa Refining and Chairman and Managing Director of Alcoa of Australia, has been named by Engineers Australia for the eighth time in Australia’s Top 100 Most Influential Engineers. Mr Cransberg manages the company’s global alumina refining assets, based in Australia,...
Lightweight metals leader Alcoa today announced that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved. “The closure of...
Alcoa today announced that Michael Parker will become President Alcoa Refining and Australia Region effective 25 September. He succeeds Alan Cransberg who will retire from Alcoa after 35 years of distinguished service. Parker will be responsible for Alcoa's refineries across the globe, including...
Alcoa today announced that its innovative products and transformation strategy are delivering strong sustainability results. The achievements are highlighted in Alcoa’s 2014 Sustainability Report. Over the last year, the Company expanded its multi-material value-add portfolio and introduced...
Lightweight metals leader Alcoa today announced that it is supplying a high-strength, aerospace-grade aluminum to Samsung for its latest smartphones —the Galaxy S6 and S6 edge. This marks the first time the global electronic giant will use an aluminum frame for its Galaxy S flagship model. The...
Lightweight, high-performance metals leader Alcoa is investing $22 million in Hot Isostatic Pressing (HIP) technology at its facility in Whitehall, Michigan. The investment will enable Alcoa to capture growing demand for advanced titanium, nickel and 3D-printed parts for the world’s bestselling jet...
U.S.- based Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, walked away with two of the most prestigious titles at the third annual Platts Global Metals Awards, which recognize exemplary performance in a dozen categories across the steel, metals and mining...
The recent rally in the price of aluminium has lost momentum as Chinese exports of the lightweight metal continue to hit the market. Aluminum for three-month delivery on the London Metal Exchange has fallen 5.7 per cent since it almost reached $2,000 a tonne at the start of the month. On Friday it...
United Co. Rusal, the world’s largest aluminum producer, said increasing Chinese exports may eliminate a market deficit of the metal this year. “Rusal doesn’t see the aluminum market in deficit this year after April,” Chief Executive Officer Vladislav Soloviev said to reporters on Wednesday, after...
Researchers from the Department of Energy’s Pacific Northwest National Laboratory in partnership with General Motors, Alcoa and TWB Company LLC have come up with a new technique for processing aluminium for automobiles that will enhance the speed, scale, quality and consistency required in the auto...
Lightweight metals leader Alcoa today announced that Alcoa of Australia will permanently close the Anglesea coal mine and power station on August 31, 2015. The Anglesea power station previously supplied approximately 40 percent of the power needs for the Point Henry smelter in Geelong, Victoria....
