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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North American aluminium market encouraged by LME rules
Aluminium consumers and some North American aluminium producers applauded sweeping changes announced on November 7 by the London Metal Exchange. Atlanta-based Novelis is encouraged by the development, chief supply chain officer Nick Madden said in a e-mail to AMM. “At first review, the rule changes...
Alcoa CEO calls aluminum unavailability caims a ‘Myth’
Alcoa Inc. (AA), the largest U.S. aluminum maker, said claims by some consumers that the metal is unavailable are incorrect. The claims are “a total myth,” Chief Executive Officer Klaus Kleinfeld said today in a presentation to investors in Cleveland, Ohio. None of its customers have stated to...
Major aluminum producer shares fall on LME warehouse rules
Shares of major aluminum producers tumbled on Thursday, as investors anticipated that new London Metal Exchange warehouse rules could depress aluminum prices. Alcoa Inc., the largest U.S. producer fell 7.5% in afternoon trading. Shares of United Co. Rusal, based in Russia and the largest aluminum...
Alcoa Intalco Works survives tough market conditions
It's been a year since Alcoa Intalco Works signed a 10-year power supply deal and two years since management and employees reached a new labor contract, avoiding a potentially crippling strike. For years uncertainty about the power supply cast a shadow over Alcoa's future in Whatcom County. Having...
Premier Pauline Marois reassures Alcoa employees, says negotiations underway
Premier Pauline Marois said Wednesday she would enter negotiations with Alcoa Inc., which has said its three Quebec smelters would no longer be competitive if Hydro Québec raises its electricity costs by a reported 60 per cent. "We should reassure Alcoa employees, not scare them," Marois said in...
Aluminum giant Alcoa to close its three smelters in Canada
U.S. Aluminum giant Alcoa is threatening to close all three of its smelters in the province of Quebec, Canada, as electricity supply cost for the plants is expected to jump 60%, TVA network reported late Tuesday (in French). According the news outlet, Alcoa issued a 12-month notice to Hydro-Québec,...
Success for AluSolutions 2013 exhibition
More than 800 visitors from across the aluminium industry attended the CIAC event last week featuring AluSolutions, INALCO, REGAL Students'day (JER) 2013, AAC cocktail party and the exhibition. All were well received and the events can boast a combined attendance of more than 800 participants from...
Alcoa and Rusal benefited from LME warehouse issues: Wall Street Journal
Two of the world’s largest aluminum makers reaped an estimated $1.4 billion in revenues from higher fees amid a logjam at London Metal Exchange warehouses, according to an analysis by The Wall Street Journal. The two companies, Alcoa Inc. and United Co. Rusal, have emerged as some of the most vocal...
Deutsche Bank continues to see Aluminium prices drifting lower into the H1 of 2014
Deutsche Bank said that the aluminium market remains “more pain, before the cure”. That means weaker pricing in the near-term, to force further producer discipline, but we think the outlook has started to improve modestly. UC RUSAL’s update on their capacity closure plans went further than we had...
Alcoa ties up with Russia's VSMPO-AVISMA to serve growing global aerospace Industry
Alcoa, the leading supplier of aluminum solutions to the world's aerospace industry, and Russia's VSMPO-AVISMA Corporation, the world?s largest manufacturer of titanium ingots and forged products, have agreed to join forces to meet growing demand for high-end titanium and aluminum products for...
Ma’aden-Alcoa management expects it to bring the potline back into the operations by H1 2014
Alcoa Inc is one of the global players engaged in the production of alumina, primary aluminium, and fabricated aluminium. It has a presence in mining, refining, smelting, fabricating, and recycling. The company recently announced that the smelter operated by the joint venture (Ma’aden-Alcoa) has...
Alcoa, U.S. Army to develop world’s largest single-piece aluminum hull
Alcoa and the U.S. Army Research Laboratory have launched a cooperative effort to develop an aluminum solution to a grave threat to soldier safety: Improvised Explosive Devices (IEDs). The solution, a single-piece aluminum hull for ground combat vehicles, would replace today’s assembled hulls and...
AWC’s profit improved marginally during the third quarter
The USD 67 million alumina segment result for Alcoa, a proxy for Alumina Ltd, or AWC’s, profit, improved marginally on the second quarter’s USD 64 million profit, and was meaningfully better than the previous corresponding period’s loss. Compared with second-quarter 2013, the Australian dollar fell...
Alcoa introduces new aluminum wheel alloy
Alcoa Wheels rolled a new aluminum wheel alloy, its first in 45 years, at the American Trucking Associations Management Conference and Exhibition on Sunday in Orlando, Fla., and will introduce its first new truck wheel featuring this alloy early next year. Called MagnaForce, Alcoa says it is 16.5%...
Alcoa criticises LME on metal warehousing issues
One of the world’s largest aluminium producers has attacked the London Metal Exchange as “short-sighted and misguided” and called on regulators to intervene in a row about metals warehousing. In a letter sent to the UK Financial Conduct Authority and the US Commodity Futures Trading Commission on...
European Court of Justice (ECJ) asks Italy to take back $398 million state aid given to Alcoa
Italy was Thursday directed by Europe's highest court to take back about 295 million euros ($398 million) of state aid given to U.S. aluminium producer Alcoa Inc in the form of preferential power tariff as it had given the company unfair advantage over rivals. Upholding a decision by the European...
Production halted partly at the smelter at Ma'aden-Alcoa Joint Venture
On 16 October, Alcoa announced that the smelter at the Ma'aden-Alcoa joint venture, which remains in initial start-up phase, has halted production on one of two potlines. The temporary shutdown was undertaken after a period of pot instability. The joint venture is actively working to restore the...
Alcoa’s armor plate specified for use in military vehicles
Today Alcoa announced that their ArmX® 5456-H151 armor plate meets military standards and can used in the production of military vehicles. The product was developed by scientists at the Alcoa Technical Center located near Pittsburgh in New Kensington, Pennsylvania, and it provides a 20 percent...
