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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Alcoa hits out over LME policy changes
Aluminium producer says the exchange's 'irresponsible' move to overhaul warehousing has led to confusion and a drop in premiums. Global aluminium premiums have fallen because of "confusion" over the London Metal Exchange's proposal to overhaul its warehousing policy, Alcoa chief financial officer...
Alcoa slump makes future of Point Henry smelter at Geelong uncertain
ALCOA'S miserable earnings from its global fleet of aluminium smelters in the September quarter has raised fresh concerns over the future of the loss-making Point Henry smelter at Geelong and its 500 local jobs. In an earnings call in the US on the third-quarter result, Alcoa chairman and chief...
Aerospace Segment helps Alcoa gain profit despite low price
Alcoa Inc. (AA), the largest U.S. aluminum producer, reported better-than-forecast quarterly earnings after its smelting business returned to profitability and results improved at a unit that makes auto and aerospace parts. Third-quarter net income excluding plant-closing costs and other one-time...
Rusal lobbies for no change to LME warehouse rules
Russia's United Company Rusal, the world's largest aluminium producer, is urging the London Metal Exchange to leave its controversial warehousing rules unchanged or risk damaging the whole market, Deputy CEO Oleg Mukhamedshin said on Tuesday. The LME, the world's biggest marketplace for industrial...
Alcoa Overcomes Price Slump by Posting stronger-than-expected 3Q profit
Former Dow Industrials member Alcoa (AA) unofficially kicked off earnings season on a cautiously optimistic note on Tuesday by swinging to a stronger-than-expected third-quarter profit despite a 7% drop in aluminum prices. Shares of the Pittsburgh-based aluminum maker, which was recently booted...
CME Group to launch an aluminium contract to challenge LME
CME Group, the world’s largest futures exchange, will launch an aluminium contract to challenge the London Metal Exchange’s dominance of the largest base metals market as it suffers a storm of public criticism. Harriet Hunnable, head of metals at the Chicago-based group, said its plans for an...
Aluminum maker Alcoa battered by tough week
The news hasn’t been good this week for aluminum manufacturer Alcoa Inc. It’s stock price is tumbling, a Duetsche Bank analyst downgraded the stock to sell and forecasters were predicting aluminum prices would fall 12 percent or more over the next two years. All this on the heels of Alcoa being...
Alcoa Inc.to publish Q3 earnings preview on Oct.8
Alcoa, Inc. is set to "officially" kick start the third quarter earnings season by reporting its financials on Oct.8. The company will hold a conference call on the same day at 5:00 p.m. (Eastern Time) to discuss the results and business developments. Alcoa is the world's leading producer of...
Pittsburgh-born Alcoa celebrates 125th birthday
Even in a city where the population is aging and centenarians are not all that uncommon, a 125th birthday is a rarity worth celebrating. Alcoa, the world's leading producer of primary and fabricated aluminum, observed the watershed on Monday, one day early. Alcoa was born on Oct. 1, 1888, as the...
Alcoa to fund internships with $1.25M as part of 125th anniversary
Alcoa Inc. will benefit from “a once in a lifetime shift” by the auto industry toward using more aluminum in its best-selling vehicles, CEO Klaus Kleinfeld said on Monday. “The big change is, aluminum has a leg up” on steel, Kleinfeld said in Alcoa's Corporate Center on the North Shore during the...
President Obama taps Alcoa Chairman and CEO to help advance US manufacturing
President Barack Obama has tapped Alcoa Chairman and CEO Klaus Kleinfeld to join the President's Advanced Manufacturing Partnership Steering Committee 2.0, part of a continuing effort to maintain US leadership in the emerging technologies that will create high-quality manufacturing jobs and enhance...
Alcoa, Rusal’s aluminum production cuts not enough to improve market situation
As our old friend Chuin-Wei Yap at the WSJ in Beijing recently observed, in spite of chronically low aluminum prices and massive global overcapacity of supply, China continues to invest in new smelters in its northwest region. In fact, as the article reports, Xinjiang Qiya Aluminum & Power Ltd.,...
Austria's AMAG names Alcoa's Wieser CEO
Austrian aluminium group AMAG on Thursday named Alcoa executive Helmut Wieser as its next chief executive, replacing Gerhard Falch from April 1, 2014 for a term of just over three years. Wieser, 59, was most recently global executive vice president and group president Rolled Products at Alcoa, the...
Alcoa may sell French, Spanish plants
US aluminium giant Alcoa is looking at selling its sole plant in France and two production sites in Spain, the head of the French facility said Monday. "Alcoa has decided to put up for sale its factory in France and two plants in Spain," the director of the plant in the southern French town of...
World aluminum supply needs 40% cut: Rusal
In a little more than two weeks, Alcoa Inc. will report third-quarter results, and there is every reason to believe that those results will not be pretty. The consensus estimates call for earnings per share of $0.06 on sales of $5.74 billion. The earnings estimate has been cut in half over the past...
Alcoa's breakthrough automotive bonding technology named aluminum industry's best
Alcoa was awarded Metal Bulletin's top innovation prize for the company's breakthrough technology enabling the production of more aluminum-intensive vehicles. Alcoa's invention, an aluminum bonding technology, won "Best Product Innovation" of 2013 at the publication's Global Awards for Aluminium...
Alcoa Foundation encourages pet lovers to recycle pet food cans
A new recycling campaign will make it easy for pet lovers living throughout the greater Evansville area to aid shelter animals through responsible recycling. CANS FOR PETS – an initiative sponsored by the Alcoa Foundation to increase the number of aluminum pet food cans recycled--is underway. “Cans...
Aluminium industry at odds over supply deals, warehouse reforms
The world's top aluminium producers and consumers are at loggerheads over the thorny issue of what price, or premium, should be paid to secure metal deliveries, and will conclude fewer fixed term supply deals this year, industry sources said. Producers Rusal , Alcoa and Rio Tinto are descending on...
