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...
Grow with
AL Circle
Alcoa signs long-term agreement with Airbus for Aluminum Aerospace Parts
Alcoa has signed a multi-year supply agreement with Airbus valued at approximately $110 million for value-add titanium and aluminum aerospace forgings. Alcoa will produce the parts using its recently modernized 50,000-ton press in Cleveland, Ohio. This press uses state-of-the-art controls to meet...
Shorten expecting blame for $50b deficit
Opposition Leader Bill Shorten says he expects Labor to be blamed by the government for an anticipated 2013/14 budget deficit of $50 billion. When the midyear financial review is released on Tuesday, it is being tipped that an extra $20 billion will have been added to Treasury's independent...
Bahrain opposition calls for inquiry into aluminium producer
Bahrain’s opposition has called for an independent investigation into state-run Aluminium Bahrain (Alba) after a corruption trial collapsed in London last week. Al-Wefaq, which has been at the forefront of protests in Bahrain, says losses to the public purse should be investigated by the...
Alcoa’s Kleinfeld picked for China’s council of business leaders
Alcoa chairman and ceo Klaus Kleinfeld has been named to China’s Global CEO Council, the company said. The council of 15 business leaders, founded by the Chinese People’s Association of Friendship with Foreign Countries, discusses foreign investment, innovation and sustainability with Chinese...
Ford delays F150 2015 launch amid aluminum supply issues
The Truth About Cars has apparently learned that Ford is having supplier issues with their aluminum provider, following confirmations that the next generation Ford F150 pickup will utilize more of the alloy to reduce weight. After speaking with an “inside source,” aluminum supplied by Alcoa did not...
Alcoa Inc. is changing the way it works
Alcoa Inc. is involved in the production and the management of fabricated aluminum, primary aluminum as well as alumina combined, via the company’s participation in mining, refining, technology, smelting and fabricating as well as recycling. The company has always been a giant in its field and it...
CFAC a boneyard for Sebree
A Midwest aluminum smelter that was prominent news in Columbia Falls 40 years ago is back in the news today. And a possible pattern is emerging — a giant parent company favoring one plant over another. Alcoa was hired to build the Sebree smelter for Anaconda using cutting-edge smelting equipment,...
Alcoa looks to expand use of aluminum sheet in cars
Technology developed by Alcoa researchers in Pittsburgh has become the linchpin of the aluminum producer's plan to expand use of the metal from high-end German luxury cars to aluminum-intensive pickup trucks, minivans and other top-selling vehicles. Randall Scheps, the executive in charge of...
Alcoa edges away from aluminum, reviving stock
Alcoa Inc. isn’t waiting around for the aluminum market to emerge from its interminable slump, because that’s not likely to happen any time soon. Instead, the New York-based company is on a mission to reduce its exposure to the commodity that it was built on. Alcoa’s reanimated stock price suggests...
OEMs press Alcoa to share aluminum-bonding process
At the request of automakers, Alcoa Inc. is making its patented Alcoa 951 bonding process available to competitors who also supply aluminum to the auto industry. Alcoa 951 coats aluminum to prevent corrosion and prepare the surface for adhesives. It will help automakers produce more structural...
Japan producers seek up to USD 256 per tonne aluminum premium
Reuters reported that some big aluminum firms have offered Japanese buyers a premium of USD 255 per tonne to USD 256 per tonne for January to March shipments, below the offer from top producer United Company Rusal last week but still around a record high. Sources said that Japan is Asia's biggest...
Aluminum futures and Alcoa's stock – Promising investment assets : analysts
According to an analyst at Alpari, the aluminum industry is one of the most attractive investments at this point. While metallurgy companies still cannot recover form the crisis (which led to aluminum overproduction, price collapse and shutdowns across the globe), China is still a strategical...
Alcoa hits two-week high on Goldman upgrade
Alcoa Inc., the largest U.S. aluminum maker, climbed to the highest in more than two weeks after Goldman Sachs upgraded the stock and raised its price target. The shares rose 3.7 percent to $9.58 at 1:23 p.m. in New York, after reaching $9.75, the highest intraday price since Nov. 6. Goldman Sachs...
Goldman sachs upgrades alcoa to buy on its downstream growth
In a report published Monday, Goldman Sachs analyst Sal Tharani upgraded the rating on Alcoa from Neutral to Buy, and raised the price target from $8.00 to $11.00. In the report, Goldman Sachs noted, “We upgrade AA to Buy from Neutral, on the back of strong growth from its high-margin downstream...
Aluminum scrap becomes bright shiny wheels
The building-efficiency focus often gets put on office buildings. Hey, it makes sense: This green push comes with lots of dazzling design work that’s fun to look at. But industrial plants also represent an opportunity to reap energy savings, and the Obama administration is highlighting progress...
Alcoa announces three-year strategy
Alcoa, a leading supplier of aluminium powder, has set its business targets for 2016, with plans to grow its value-add businesses and lower the cost structure of its commodity business. For the 2010 to 2013 period, Alcoa said that it is on track to generate an additional combined US$1.8 billion in...
Bauxite industry undergoing longest crisis - Jamalco
An executive of one of Jamaica’s major bauxite and alumina companies, Jamalco, says the industry is undergoing its longest crisis in recent memory with not much signs of an immediate reverse. Acting manager of Jamalco Leo Lambert says the crisis is now entering its sixth year. He says the situation...
Alcoa considered one of the model companies in EXAME’s Sustainability Guide 2013
Alcoa, the world's leading producer of primary and transformed aluminum, was considered the most sustainable company in the sector in which it operates and in the category, 'Relationship with Suppliers' by Exame's Sustainability Guide 2013, an annual publication from Editora Abril. Considered to be...
