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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Think Tank session to discuss automotive aluminum
The automotive industry is taking a new direction that could yield major benefits for the Quad-Cities, according to Rob Woodall, director of manufacturing at Alcoa Davenport Works. That will be the topic of a Think Tank session from 6-8 p.m. Feb. 6 at Rivermont Collegiate, 1821 Sunset Drive,...
Alcoa rolls out durable, easy-to-maintain commercial truck wheel
Alcoa, the inventor and global leader of forged aluminum wheels, has rolled out its most durable, easy-to-maintain commercial truck wheel. Alcoa’s new surface-treated Dura-Bright EVO wheel maintains all the benefits of its predecessor, the Dura-Bright wheel with XBR technology, while taking the...
Alcoa surges on hopes for global aluminium sector
After Alcoa stocks have been upgraded by JPMorgan in November to ‘overweight’ on the prospect of a tight global aluminium market in near future, the shares of Alcoa have been moving at their fastest speed. New York- based analyst Michael Gambardella has pulled up the earnings forecast for the year...
Alcoa seeks opportunities for building revenue streams
Aluminum giant Alcoa’s stocks gained 24% last year and the stock is expected to gain more. Due to low aluminum prices, the aluminum producers have suffered in the recent time. But they have enough reasons to be optimistic about the future of Alcoa. Though the global economic slowdown resulted in...
Alcoa Board approves quarterly dividends
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2014 to shareholders of record at the close of business on February 7, 2014 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock...
Alumina Limited gets a 'Buy' Rating
Investment house Deutsche Bank has rated Bauxite and aluminium investor Alumina Limited as a ‘Buy’, following the release of more than expected fourth quarter results, a report in Australian Financial Review says. Alumina Limited owns a 40% share of Alcoa World Alumina & Chemicals (AWAC), the...
Alcoa to permanently close potlines at Massena East Smelter
Alcoa today announced it will permanently close the remaining two potlines at its Massena East smelter in New York in the first quarter of this year. The decision was made because the potlines are no longer competitive. One of three potlines at the facility was permanently closed in August 2013....
Alcoa completes $300 Million expansion in Iowa to meet automotive demand
Alcoa today announced it has completed a $300 million expansion at its Davenport, Iowa facility dedicated to supplying aluminum sheet products to the automotive industry. Alcoa executives made the announcement as the 2014 North American International Auto Show (NAIAS) in Detroit displays a number...
Aluminum Ford F-150 could drive growth for Novelis and Alcoa
America's best-selling vehicle — the Ford F-150 — is going aluminum. The move hints at a broader shift for the automotive industry, which is racing to meet increased fuel efficiency standards. Ford Motor Co. unveiled a mostly aluminum F-150 at the North American International Auto Show in Detroit....
Alcoa foresees an aluminium surplus despite steady demand
Alcoa Inc. is very optimistic about the demand for aluminium in the year 2014, according to its initial forecast released with its results. It expects that demand for white metal will increase by 7% this year, keeping a match with the growth of last year. Though the forecast says China’s demand...
Alumina Ltd stock gets mixed ratings
Alumina Ltd (AWC) is an Australian listed company which produces alumina, which is a commodity. Bauxite ore is refined to produce alumina, which is then smelted to produce aluminium. AWC is the lesser partner in a 60:40 joint venture with US alumina/aluminium giant Alcoa, called AWAC, for which AWC...
Indonesian mineral export law a threat to China's aluminium production
China's stranglehold on the global aluminium industry could be weakened by changes to export laws in Indonesia, according to American giant Alcoa. Indonesia on Sunday enforced a long-awaited mineral export law that effectively bans unprocessed ores from leaving Indonesian shores. The policy is...
Hindalco falls post peer Alcoa letdown on earnings
Shares in Hindalco Industries fall 1.2 percent after its global peer Alcoa Inc, the largest US aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment charge of USD 1.7 billion on smelter acquisitions and...
Alcoa chief says no plans for legal action against LME
Alcoa Inc has no plans to follow Russian aluminum producer Rusal and launch legal action against the London Metal Exchange aimed at overturning reforms to its warehousing policy, Chairman and Chief Executive Klaus Kleinfeld said on Thursday. The U.S. aluminum producer and Rusal have staunchly...
ALCOA not to seek further government assistance for its Point Henry smelter
ALCOA will not seek further government assistance for its troubled Point Henry aluminium smelter, dramatically increasing the chances of its closure this year and the loss of 500 more jobs in Victoria's manufacturing sector. The company revealed yesterday that neither state nor federal aid was...
Alcoa World Alumina LLC resolves Alba matter with U.S. Department of Justice
Alcoa Inc. today announced the resolution of the investigations by the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) regarding certain legacy alumina contracts with Aluminium Bahrain B.S.C. (Alba). The settlement with the DOJ was reached with Alcoa World Alumina...
Portland smelter jobs safe, says Alcoa
Jobs at Portland Aluminium are in the clear after Alcoa ruled the south-west smelter out of a review process into it’s troubled Point Henry site near Geelong. Point Henry workers will know in March what the company will do with the smelter, which received a Commonwealth bailout in 2012 that’s set...
Alcoa reports strong full-year 2013 profit up from 2012, excluding special items
Alcoa today reported solid operating performance in the fourth quarter and full-year 2013 as the Company’s repositioning gains traction, offset by special items primarily to address legacy matters in the Primary Metals business. As a result, Alcoa reported a fourth quarter 2013 net loss of $2.3...
