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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Goldman Sachs Makes Bullish Comments on Aluminum
Goldman Sachs maintained a Buy rating on Alcoa and a CL-Buy on Constellium N.V. Analyst Sal Tharani believes aluminum beverage can sheet could be the driver for the next leg of profit. "Downstream aluminum market has been benefiting from long term secular growth trends in various end markets. In...
Energy gains lost with closure of Alcoa’s recycling plant
The close down of the last aluminium recycling plant in NSW is a great blow for sustainability and jobs, as the plant has the capacity to save 95% of the total energy used for manufacturing aluminium, the environmental experts says. Alcoa has announced the closure of the aluminium plant in Yennora,...
Rusal witnesses lowest aluminium output in 8 years as smelters shut
United Co. Rusal, the largest aluminium producer in the world, plans to cut down output to a minimum in the coming eight years as it will be shutting down inefficient smelters. It is expected production will be around 3.5 million metric tons in 2014, the company said on Tuesday to the Hong Kong...
Alumina Ltd swings back to profit
Alumina Ltd has swung back to profits but warned that the market conditions for aluminium will remain challenging throughout this year. Last year, Alumina made a net profit of $US500, 000, a much better turnaround compared to its $US55.6 million loss in 2012. At the same time the joint venture of...
General Motors Co. plans to secure aluminium for their trucks
General Motors Co. is making efforts to come up with a largely aluminum-bodied pickup truck by the end of 2018, under the pressure from federal fuel efficiency standards & archrival Ford Motor Co. The No. 1 U.S. auto maker signed a supply contract with Novelis Inc., and Alcoa Inc. which are working...
Aluminium futures up 0.33 pc on overseas trend
Aluminium prices today rose by 0.33 per cent to INR 105.60 per kg in futures trade mostly in line with a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, Aluminium for delivery in February rose by 35...
Alcoa Chairman and CEO Klaus Kleinfeld to present at BMO Capital Markets 23rd Global Metals & Mining Conference
Alcoa announced today that Chairman and Chief Executive Officer Klaus Kleinfeld will present at the BMO Capital Markets 23rd Global Metals & Mining Conference in Hollywood, Florida, on Monday, February 24, at 11:00 a.m. EST. Mr. Kleinfeld will discuss Alcoa's repositioning strategy to build out the...
Alcoa to close Point Henry Aluminum Smelter and Rolling Mills in Australia
Alcoa today announced it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in...
No decision on closure of smelter, says Alcoa
Alcoa says no decision has been made to shut its aluminium smelter at Geelong, and will tell employees if the Point Henry plant will continue to operate by the end of March. A cloud hangs over the smelter's future, with $40 million of government assistance granted by the federal and Victorian...
Bud Light partners with Alcoa to launch new re-closable aluminum bottle
Bud Light drinkers across America can now enjoy new, re-closable 16-ounce bottles enabled by Alcoa’s technology and materials. The new Bud Light “Cool Twist” re-closable aluminum bottle is based on Alcoa’s patented bottle technology, uses Alcoa’s aluminum bottle sheet and carries the Alcoa logo on...
Alcoa might announce closure of Geelong plant
Alcoa might announce the closure of its aluminium plant at Geelong soon, which may cost jobs in hundreds. This is causing fear among the 700 full-time workers of the Point Henry smelter as they are waiting for this annoumcement. ‘‘I’m very pessimistic about what that announcement will be,’’ said...
LME Aluminum Prices Plummet, Monthly Index at All-Time Low
Our aluminum price index registered a value of 89 in February, a decrease of 3.3 percent from 92 in January. The 3-month LME price closed on Tuesday at $1,686 per metric ton, the lowest level seen in the past 4+ years. Aluminum keeps struggling to reach previous peaks, but it doesn’t seem to have...
Alcoa benefits from aluminum’s demand in auto industry
Alcoa is going to celebrate the expansion of its new project in a week from now. On February 6th, 2014, the company was a part of a “Think Tank Session” where a discussion was made on the topic why automobile industry is making a move towards aluminum. Recently Ford announced its new F-150 will...
Alcoa, Phinergy partner to develop electric vehicle batteries
On 5th Feb, Alcoa Inc. has entered into a joint venture with Phinergy to manufacture electric vehicle batteries that run on aluminum and air. Alcoa made this announcement public during the Advanced Automotive Battery Conference in Atlanta. According to Alcoa, both the companies will work together...
Alcoa Foundation grants aid to Collision Repair Education Foundation for Aluminum Repair Training Programs
The Collision Repair Education Foundation announced that the Alcoa Foundation, the philanthropic arm of aluminum company Alcoa, awarded a $60,000 grant that will provide aluminum repair-focused training and technical presentations to high school and college collision instructors and industry...
Alcoa Executive VP Olivier Jarrault to present at 35th Annual Aerospace/Defense Conference
Olivier Jarrault, Alcoa Executive Vice President and Group President, Engineered Products and Solutions (EPS), will speak at the Cowen and Company 35th Annual Aerospace/Defense Conference on Thursday, February 6, at The InterContinental New York Barclay. The presentation is scheduled to begin at...
Century Aluminum benefits from industry changes
Century Aluminum Co. is the US based aluminium company which though not as big as Alcoa is expected to see some great action at the stock market given the overall upward trend in the industry. Century Aluminum too benefits from industry changes The recent change in regulations by some of the major...
Alcoa elects Carol Roberts to Board of Directors
Alcoa today announced that its Board of Directors has elected Carol L. Roberts a director of the Company and member of the Audit Committee of the Board. Ms. Roberts, 54, is Senior Vice President and Chief Financial Officer of International Paper Company (IP), a global leader in packaging and paper...
