Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
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...
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LME Aluminum to avg $1,850 a ton in Q2: Barclays
British banking giant Barclays believed that the LME aluminum prices are expected to average $1,850 a ton in second quarter of this year. First quarter LME aluminum prices were slightly below expected, averaging $1,708 a ton versus Barclays forecast of $1,750 a ton. Barclays maintain their...
Alcoa first quarter earnings results
Alumina Limited notes Alcoa Inc’s (“Alcoa”) quarterly earnings release and attaches it for reference. Relevant market data to assist readers in understanding the market, operational and commercial matters of Alcoa World Alumina & Chemicals (“AWAC”) are attached. Alumina Limited’s CEO Peter Wasow,...
Alcoa riding the auto wave, but price hurts
Alcoa raked in a loss in first-quarter 2014, reported on Apr 8, on sizable restructuring charges. But its adjusted earnings topped the Zacks Consensus Estimate. Sales fell on lower aluminum pricing and missed expectations. The company continues to expect aluminum demand to rise 7% this year. Alcoa...
Alcoa cut to junk by fitch as aluminum glut hampers earnings
Alcoa Inc., the largest U.S. aluminum producer, was cut to junk by a second ratings company as a global oversupply of the metal hampers profitability. Fitch Ratings cut Alcoa’s credit grade one level below investment grade to BB+ from BBB-, it said yesterday in a statement. It sees Alcoa’s total...
Hindalco Industries hits 52-week high as Alcoa earnings beat estimates
Hindalco Industries advanced 4.23% to INR 142.95 at 10:45 IST on BSE after Alcoa Inc reported quarterly earnings that beat analysts' expectations on Tuesday, 8 April 2014. Meanwhile, the S&P BSE Sensex was up 96.02 points or 0.43% at 22,439.47. The stock market was closed on Tuesday, 8 April 2014...
Alcoa continued its investment on value-add businesses in the first quarter
Alcoa continued to build out its value-add businesses in the first quarter by introducing innovative new products, investing in high-value expansions, and optimizing its rolling mill portfolio. Within Engineered Products and Solutions (EPS), the Company’s downstream business, Alcoa introduced the...
Alcoa has alumina win but headwinds to grow
Alumina chief executive Peter Wasow said industry conditions remained difficult in the first quarter as oversupply continued to depress alumina prices, despite “robust” growth in global demand and a strong result for joint venture partner Alcoa’s alumina unit. Alcoa posted a 59 per cent increase in...
Alcoa Reports Strong First Quarter 2014 Results
Alcoa reported strong quarterly results yesterday, offset by special items tied to restructuring as the Company’s transformation accelerates. In first quarter 2014, Alcoa reported a net loss of $178 million, or $0.16 per share, which includes $276 million in special items largely tied to smelter...
Aluminum heads for the biggest weekly gain since 2012
Aluminum has headed for its biggest weekly advance since 2012 November in London as there were orders to withdraw aluminum from the warehouses and producers have also cut down their output. According to LME data, canceled warrants (as they call the orders) jumped to its highest level this week...
Alcoa earnings projected to drop
Analysts are looking for decreased profit for Alcoa when the company reports its results for the first quarter on Tuesday, April 8, 2014. Alcoa reported profit of 11 cents a year ago, but the consensus estimate calls for earnings per share of four cents this time around. Over the past month the...
Aluminium jumps after halt to LME plan
Aluminium has jumped 6 per cent in the week since the London Metal Exchange was forced to halt a plan to cut queues at its global warehouse network. Prices for three-month delivery at the LME rose to $1,838 a tonne on Thursday, a five-month high. The increase will bring some relief to aluminium...
New member company and board Member additions for Aluminum Association
The Aluminum Association announced today the addition of Blaylock Industries to its roster of member companies. In addition, Anthony Ashe, Vice President Commercial, Sales & Marketing at Alcoa, was added to the Association’s Board of Directors. The announcements were made during the Aluminum...
Aluminum rises to the highest this year over supply worries
Alumunium price has witnessed the highest point in 2014 because of the concern about limited global supplies. In Brazil, the aluminum companies that have been producing the least in the last 12 years expect the authorities to provide them electric subsidy as the drought has cut down the...
Alcoa to host webcast of first quarter 2014 results
Alcoa will hold a conference call on Tuesday, April 8 beginning at 5:00 p.m. EDT to discuss first quarter 2014 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available online. Conference Call Information Time: 5:00 – 6:00...
Alcoa to maintain 750 jobs in Massena, provide technical training under new agreement
Alcoa will maintain 750 jobs at its Massena West plant and train workers for high-demand, technical jobs under a deal announced Monday afternoon by Alcoa, Gov. Andrew M. Cuomo and the New York Power Authority. The 750 jobs are down from the 900 agreed upon in 2008 that would allow the aluminum...
Alcoa expands Brazil rolling mill to capture growing demand for specialty packaging in Latin America
Alcoa announced a $40 million investment (100 million BRL) in its Itapissuma, Brazil, rolling mill to increase production of specialty foils for aseptic and flexible packages. Demand for specialty packaging in Brazil is expected to rise seven percent annually over the next three years due to...
Alcoa set for Q1 results
Alcoa disappointed traders with its fourth-quarter results but the share price has more than recovered as it prepares to reveal its first-quarter earnings on 8 April 2014. Alcoa is trading at $11.85, up nearly 11% since the company revealed worse-than-expected fourth-quarter earnings in January...
Alcoa to curtail 147,000 metric tons of aluminum smelting capacity in Brazil
Alcoa today announced it will curtail 147,000 metric tons of smelting capacity at its São Luís (Alumar) and Poços de Caldas smelters in Brazil due to challenging global market conditions in primary aluminum and increased costs that have made the smelters uncompetitive. The curtailments are expected...
