Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
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...
Alcoa to build 100t gallium facility at Wagerup alumina refinery with $174m Pentagon support
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’s strategic approach brings success in aluminium production
Alcoa reports a good performance in the upstream sector as well with strategic planning. They have cut down their production by 28 percent or 1.2 million metric tons since 2007 to increase the competition in the global aluminium market. In the third quarter, the company has successfully closed the...
Aluminum costs seen rising more even after LME wins case
A courtroom victory allowing the London Metal Exchange to ease backlogs of deliveries of aluminum may do little to reduce the cost of the metal used in everything from beer cans to auto parts. While yesterday’s appeal court ruling in London clears the way for the LME to impose new rules at its...
Alcoa’s results light up Hindalco
Shares of aluminium major Hindalco were up 5 per cent on Thursday, after a stellar performance from its global peer, Alcoa, during the September quarter. During the latest quarter, Alcoa’s income increased six-fold year-on-year, on the back of improved prices and lower input costs. Average...
Alcoa performs well in the alumina sector in Q3
Alcoa has signed a letter of intent in the second quarter in a bid to sell its ownership stake in Alcoa Minerals of Jamaica L.L.C. the operational company for Jamalco bauxite mine and alumina refinery. The company has also signed a Memorandum of Understanding with the Government of Suriname so that...
Alcoa sees smaller aluminum market deficit on China smelter restarts
Alcoa Inc has decreased its estimate for the global aluminum market deficit this year due to smelter restarts in China, the world's No. 1 producer, a senior executive said on Wednesday on a conference call to discuss third-quarter earnings. The U.S. aluminum producer expects demand to outpace...
Alcoa reports strong third quarter 2014 profits as portfolio transformation delivers
Lightweight metals leader Alcoa today reported a surge in third quarter profits as the Company’s repositioning continues accelerating. Alcoa is aggressively transforming its portfolio by building out its multi-material value-add businesses to capture profitable growth and by creating a lower cost,...
Portland aluminium smelter encouraged by ALP's RET exclusion pledge
The operator of the Portland aluminium smelter has applauded the Federal Opposition's move to exclude the sector from Renewable Energy Target (RET) negotiations. The Federal Government and Labor are in negotiations over the future of the 20 per cent by 2020 renewable target. Aluminium smelters are...
Alcoa angles for a shield against China
Big Aluminium has spent two years shutting smelters to shrink a supply glut that has led to rotten prices. The strategy has been successful -- for the most part. This Wednesday, Alcoa Inc., as usual the first U.S. major company to report results for the latest quarter, is expected to post earnings...
Alumina rallying into Alcoa results
Alumina (AWC) has been one of the best performers on the local Australian market over the past couple of months, rising even as most of the materials stocks have been underperforming. The primary driver of the gains has been centred on aluminium fundamentals, with demand ramping up on aircraft...
Alcoa opens world’s largest aluminum-lithium aerospace plant in Indiana
Expansion to Capture Rapid Aluminum-Lithium Demand Growth • $90 million advanced manufacturing facility is largest of Alcoa’s three aluminum-lithium expansions • $100 million in revenues for 2017 already contracted • Growing demand for advanced aluminum-lithium alloys for lighter, more...
Alcoa to Host Webcast of Third Quarter 2014 Results
Alcoa will hold a conference call on Wednesday, October 8 beginning at 5:00 p.m. EDT to discuss third quarter 2014 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available online at 4:15 p.m. EDT. The Conference will be...
Alcoa to roll out lightest heavy-duty truck wheel in Europe, offering increased fuel efficiency, Payload
Alcoa, the inventor and global leader of forged aluminum wheels, said that it will roll out its lightest heavy-duty truck wheel in Europe to help fleets increase payload and fuel efficiency. Announced at the 65th International Motor Show (IAA) Commercial Vehicles tradeshow in Hannover, Germany,...
Rising aluminium prices and downstream projects improves Alcoa’s financial status
Alcoa had made a clever move of closing all inefficient smelters and focusing on the more lucrative downstream business of aerospace and automotive to cut losses. But now as the aluminium prices are improving, Alcoa’s aluminium manufacturing sector is also looking up. Alcoa had idled 803,000 metric...
Alcoa announces proposed public offering of mandatory convertible preferred stock
Alcoa today announced that it has commenced an underwritten public offering, subject to market and other conditions, of 25,000,000 of its depositary shares ("Depositary Shares") (or up to 28,750,000 Depositary Shares if the underwriters of the offering exercise their over-allotment option in full)....
Alcoa named sustainability leader on Dow Jones world index for safest, most environmentally-efficient year on record
For the thirteenth year in a row, Alcoa has been named to one of the most highly recognized and longest-standing global sustainability indexes, the Dow Jones Sustainability Indexes (DJSI). Alcoa was again recognized as the Aluminum Industry Leader on the Dow Jones World Index. “Sustainability is a...
Alcoa signs multiyear supply contract with Boeing valued at more than $1 billion
Leading aerospace manufacturer Alcoa has signed a long-term contract to supply aluminum sheet and plate products to Boeing, the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. The multiyear contract, valued at more than $1...
The EUROPEAN ALUMINIUM AWARD 2014 nominees announced
Alcoa, Novelis or Constellium – the leading enterprises of the European aluminium sector have entered their innovations in the competition for the EUROPEAN ALUMINIUM AWARD 2014. Among them are renowned designers, e.g. from Mercedes and BMW. The award will be presented at ALUMINIUM, the world’s...
Saudi Ma'aden, Alcoa start commercial operation at joint aluminium plant
Saudi Arabian Mining Co (Ma'aden) said on Monday its joint aluminium smelter with U.S.-based Alcoa has started commercial operations. The $10.8 billion aluminium plant at Ras al-Khair, on the Gulf coast of the kingdom, had experienced issues during the initial start-up phase last year when it had...
