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 Executive Vice President and Chief Financial Officer William F. Oplinger will present at the 2015 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference being held May 12-14 in Barcelona, Spain. Oplinger will speak at 11:00 a.m. EDT (5:00 p.m. CET) on Tuesday, May 12. He will...
Lightweight metals leader Alcoa announced changes to its Board of Directors today effective with the Company's Annual Meeting of Shareholders held in Pittsburgh. Dr. Judith Gueron, an Alcoa director since 1988 and its Lead Director since 2010, who did not stand for re-election when her term expired...
Concerns about Chinese aluminium flooding the global market are not justified, according to the deputy chief executive of United Company Rusal , the world's top aluminium producer. Worries about oversupply in the aluminium market have put pressure on prices of the metal use in packaging and...
China is already infamous for its excess production of aluminium causing a global oversupply hampering the aluminium prices. Now as they announce scraping the export taxes on some products, they may worsen the situation even further. While the world aluminium producers hurried to cut production to...
The new Ford F-150, with an updated body made of aluminum from Alcoa, got a top safety rating from the National Highway Transportation Safety Administration. Ford previously committed to changing the F-150 from a steel body to a 97% aluminum body, and the aluminum is provided by the Alcoa works in...
Alcoa reports business update for First Quarter 2015. On April 8, 2015, Alcoa reported strong 1Q15 profits, demonstrating that the Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is fully on track. The company also continued with...
All-aluminium frame will reduce truck weight by over 40 percent compared to steel frames, saving nearly 408kg per vehicle, increasing fuel efficiency and payload. Lightweight, high-performance metals company Alcoa, in collaboration with Metalsa, a global supplier of light and commercial vehicle and...
Shares of Hindalco Industries slipped nearly 2 per cent to hit intraday low of INR 137.35 after global aluminum giant Alcoa Inc's first quarter earnings missed expectations. Alcoa's earnings missed estimates. However, the commentary for auto continues to remain positive as it expects global...
Global aluminium consumption in 2014 rose by 9% and not 7% that Alcoa Inc, the biggest US producer, had earlier estimated. China was the chief culprit for this gap as its actual consumption was higher by 1.3 million tonnes (mt). In 2015, the global aluminium consumption is expected to increase by...
The recent Alcoa results show the company is making a great shift from upstream operations to downstream sector and achieving positive results as a consequence. Alcoa has made positive growth projections for the year 2015 across the different sections of the downstream business including aerospace,...
Alumina Limited, the 40% owner of Alcoa World Alumina & Chemicals (AWAC) – part of the world’s third largest aluminium producer, Alcoa Inc – has seen its shares jump 2% following the release of a quarterly earnings report. AWAC, which pays dividends to Alumina as part of its major shareholding,...
Alcoa kicks off the earnings season with the declaration of its 1st quarter results. The result beats market analyst’s expectations as far as revenue and income are concerned. Alcoa is going through a major transformation stage as it is shifting its priority towards creating a value added...
Alcoa of Australia Limited has secured a new 12-year gas supply agreement to power its alumina refineries in Western Australia. Commencing in 2020, the agreement is for an initial supply of 120 terajoules per day of natural gas. Combined with a number of smaller agreements, this means Alcoa of...
Lightweight metals leader Alcoa today reported strong first quarter 2015 profits. The Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is delivering results. Alcoa reported first quarter 2015 net income of $195 million, or $0.14 per...
The Aluminum Association has voiced its support of the U.S. Department of Energy after it announced a conditional commitment for a $259 million loan to Alcoa, which was done in support of the aluminum producer’s automotive expansion. With the aid of the loan, the company will grow its Alcoa, Tenn....
Alcoa rolled out its most durable commercial truck wheel, Dura-Bright EVO, to the North American market. Alcoa’s Dura-Bright EVO wheel maintains all the benefits of its predecessor, the Dura-Bright wheel with XBR technology, while taking the wheel’s performance to a new level. The Dura-Bright EVO...
Lightweight metals leader Alcoa announced on March 30, 2015 that it will curtail the remaining 74,000 metric tons of smelting capacity at its São Luís (Alumar) facility in Brazil. The decision is aligned with the Company’s recent announcement to evaluate upstream capacity for possible curtailment,...
The U.S. Department of Energy has agreed to lend Alcoa Inc. $259 million to expand automotive aluminum sheet production capacity at the supplier’s Tennessee factory, reviving a long-dormant loan program to support the development of energy-efficient vehicles. The funds will finance most of the...
