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 today announced that it has completed two previously-announced sales within its Global Primary Products portfolio. The divestitures, one in the United States and the second in Jamaica, are aligned with Alcoa’s strategy to lower its cost base and create a globally competitive business. Alcoa...
Sedgman has won the EPC contract for Alcoa's Kwinana filtration plant. The $59.8 million contract will see Sedgman EPC work as the main integrating contractor for the alumina refinery in WA. According to Sedgman "when complete the filtration plant will produce lower moisture content bauxite residue...
Toyota along with Alcoa Inc "will use more aluminum instead of steel in the bodies of luxury automobiles starting in 2017 to reduce their weight, which translates to better mileage," according to Nikkei Asian Review. The report indicated that the "automaker will make the switch for the hoods,...
Lightweight metals leader Alcoa today announced that it has completed the acquisition of Firth Rixson, a global leader in aerospace jet engine components. The Company closed the transaction, which was announced on June 26, 2014, after receiving all of the required global regulatory approvals and...
Alcoa was the recipient of unusually large options trading on Tuesday. Investors acquired 30,462 call options on the stock, AnalystRatings.NET reports. This represents an increase of 142% compared to the average volume of 12,590 call options. A number of analysts have recently weighed in on AA...
The biggest producer of aluminum in US, Alcoa Inc. is reported to have earned an amount which has crossed the estimations and speculations of analysts by leaps. With a better performance than the expected for its aerospace and power units, the company has been able to make a good deal with supplies...
Alcoa Executive Vice President and Chief Financial Officer William F. Oplinger will speak at the annual Goldman Sachs Global Metals and Mining Conference being held November 19-20 in New York. The live webcast will start at 8:15 a.m. EST on Thursday, November 20. Oplinger will discuss how Alcoa is...
Alcoa Executive Vice President and Chief Financial Officer William F. Oplinger will speak at the annual Goldman Sachs Global Metals and Mining Conference being held November 19-20 in New York. The live webcast will start at 8:15 a.m. EST on Thursday, November 20. Oplinger will discuss how Alcoa is...
Alcoa executives today said that they continue to aggressively reposition the Company and that they are on track to successfully deliver against business targets introduced last year. Alcoa is transforming its portfolio by building out its innovative, multi-material value-add businesses to capture...
Lightweight metals leader Alcoa today announced a $190 million investment at its Davenport Works, Iowa, facility to expand its product offerings in the aerospace and industrial markets. Alcoa is installing manufacturing technology to enhance the performance of thick aluminum and aluminum-lithium...
The Collision Repair Education Foundation has announced that Alcoa Foundation, the philanthropic arm of Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, awarded the Collision Repair Education Foundation a $45,000 grant that will sponsor 15 collision school...
A new technology was introduced at the annual Battery Show held in Michigan at the Suburban Collection Showplace convention centre on Friday - an aluminium-air battery that is likely to eliminate range anxiety experienced with other electric vehicles, as per inventors’ claim. The technology is...
Alcoa today announced that it has reached an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek, South Carolina, to Century Aluminum Company for $67.5 million in cash, plus an additional potential earn-out. Mt. Holly is owned 50.3 percent by Alcoa and 49.7...
Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa and Alumina Limited, has been handing out dividends from its passive share. However, now with the sale of its share in the uneconomical Jamaica refinery, Alumina is slated to receive a handy cheque from Alcoa. The sale...
Alcoa and Noble Group Ltd today announced the signing of a definitive agreement that will result in Alcoa World Alumina and Chemicals (AWAC) selling 100 percent of its ownership stake in the Jamalco bauxite mining and alumina refining joint venture to Noble for $140 million. AWAC will continue as...
After negative news on coal blocks, bauxite mining, etc, Hindalco’s investors have something to cheer about. The performance, as well as estimates, for US-based Alcoa for the September quarter means Hindalco’s international subsidiary (Novelis) could also post better than expected earnings for the...
Alcoa, a global leader in lightweight, high-performance metals, has produced the world’s largest single-piece forged aluminum hull for combat vehicles to improve troop protection as part of a joint Alcoa-US Army initiative launched last year. Announced in Washington, DC at the Association of the US...
According to Alcoa yearly report their projected aerospace sales growth is a healthy 8 to 9 percent thanks to growing demands in both large commercial aircraft and regional jets. They have even revised their global automotive production growth for 2014 from a previous estimation of 1-4 percent to...
