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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Electric Boat Powered by Aluminum-air Battery demonstrated in Switzerland
Alcoa, clean technology company Phinergy and HEIG-VD University, today debuted a zero-emissions electric demo boat powered by an aluminum-air battery at Lake Neuchâtel in Switzerland. Alcoa and Phinergy announced earlier this year that the companies are collaborating on new materials, processes and...
Alcoa recognizes North America's top scrap suppliers for 2014
Pittsburgh-based aluminum major-Alcoa Inc. has recognized its top North American scrap suppliers for 2014. This is the tenth year in succession that Alcoa has named top suppliers. The list was compiled by the company’s recycling and scrap purchasing wing based on several criteria including quality,...
Kaiser Aluminum has the highest dividend yield in the aluminum industry
Below are the three companies in the Aluminum industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains. Kaiser Aluminum is highest with a dividend yield of 1.8%. Kaiser Aluminum Corporation produces alumina, primary aluminum,...
Continuing strength in aluminum prices to benefit Alcoa
It has been a remarkable year for aluminum. The metal, which plunged about 17% last year due to feeble demand, has gained more than 15% this year as production cuts from the likes of Alcoa Inc., Rusal and Rio Tinto have helped in bringing the market back to equilibrium. Aluminum prices have finally...
High US demand for durables and closing of Italian smelter pushes aluminium prices
Aluminium prices rose in the London Metal Exchange for the second day in a row due to Alcoa’s decision to shut down the smelter in Italy and the higher demand for durable goods in US – the second-largest industrial metal consumer. The metal due for delivery in three months rose to $2,073 a metric...
Alcoa to close portovesme smelter in Italy
Alcoa today announced that it intends to permanently close its Portovesme (Carbonia-Iglesias, Italy) primary aluminum smelter, which has been curtailed since November 2012. The closure will reduce Alcoa’s global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year. The...
Aluminum supply tightens as production slumps in Brazil
Producing aluminum in Brazil got so expensive as electricity prices surged to records this year that Alcoa Inc. (AA) idled its Pocos de Caldas smelter and now sells the facility’s power instead of metal. The worst drought in decades drained reservoirs used to run hydroelectric generators that...
Nomura says aluminum rally is overdone
Alcoa shares trended down Thursday after one analyst said the worldwide aluminum market has slipped into an oversupply that will persist into 2015. Alcoa shares are up more than 50 percent year to date, hit a high of $17.22 last month, but has been in retreat in recent days. Nomura's Curt Woodworth...
The auto industry falls for aluminium: Automotive World report
A detailed report on the increasing use of aluminium in the automotive industry has been published by Automotive World. Featuring interviews with industry experts and executives from leading OEMs including Ford, Jaguar Land Rover and Audi, Automotive World Briefing: The auto industry falls for...
More aluminum capacity to be dedicated to Autos in North America
Alcoa and its competitors have enough rolling capacity in North America to meet demands from automakers for more sheet aluminum, but aluminum-intensive vehicles will take material away from other uses, says Mike Murphy, vice president-automotive at Alcoa. The losers will be the lowest-margin...
Alcoa closes production at Point Henry Smelter from today
Production at Alcoa’s Point Henry smelter ended this morning, when a large group of employees gathered to watch the last potline being switched off. Molten aluminium was then syphoned from the pots for the last time. The smelter will permanently close tomorrow, after 51 years of operation, and the...
Pratt, Alcoa pioneer use of aluminum fan blades
Pratt & Whitney and Alcoa recently have revealed that the fan blades of the PW1000G family of geared turbofans will consist mainly of aluminum alloy–an industry first. Although the PW1500G for the Bombardier CSeries–the first member of the engine family–won certification last year, Pratt & Whitney...
Sombre days for Alcoa workers as aluminium plant near Geelong winds up
After more than 50 years as one of Geelong's major employers Alcoa will close its aluminium smelter this week. One by one the pot lines are being switched off, with the Point Henry plant's final line being shutdown on Thursday. The shutdown was announced in February after the company decided the...
Alcoa Foundation supports Geelong community groups with US$559,000 in grants
Alcoa of Australia Chairman and Managing Director, and board member of the Alcoa Foundation, announced that the US based Alcoa Foundation will grant a total of US$559,000 to six organisations in Geelong. Speaking at a function in Geelong to thank Alcoa’s long term community partners, Mr Cransberg...
Ma’aden targets Sept to start aluminium smelter in Alcoa JV
Saudi Arabian Mining Company (Ma’aden) announced that 1st September 2014 would be the target date for the beginning of the commercial production of the Aluminum Smelter at its subsidiary Ma’aden Aluminum Company. Ma’aden Aluminum Company is a joint venture (JV) between Saudi Arabian Mining Company...
Alcoa raises deficit forecast; global demand to grow 7%
Pittsburgh-headquartered aluminum major Alcoa forecasts the global aluminum demand to increase by 7% in 2014. The firm also has raised its deficit forecast for the year from earlier 730,000 tonnes. According to the company, the aluminum supply shortfall is likely to touch 930,000 tonnes this year....
Alcoa’s breakthrough automotive bonding technology receives prestigious R&D 100 award
Lightweight metals technology, engineering and manufacturing leader Alcoa (NYSE:AA) today announced that R&D Magazine has named Alcoa 951 — an enabler for adhesive bonding of aluminum-intensive vehicles (AIVs) — an R&D 100 Award winner. The 52nd Annual R&D Awards, known as the "Oscars of...
Alcoa announces jet engine first in $1.1 billion supply agreement with Pratt & Whitney
Leading aerospace manufacturer Alcoa today announced a 10-year, $1.1 billion agreement with Pratt & Whitney, a division of United Technologies Corp., for state-of-the-art jet engine components. Under the deal signed at the Farnborough Air Show, Alcoa will supply key parts for Pratt & Whitney’s...
