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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Appeal court sides with Alcoa over Apache
Aluminium giant Alcoa has had a win in its bid to recoup more than $100 million from gas producer Apache over the massive explosion at the Varanus Island plant in 2008. The disaster slashed the state's domestic gas supplies by about a third and dented its economy to the tune of an estimated $3...
Alcoa Inc demands more transperancy from London Metal Exchange
Alcoa Inc has recently made the news for several reasons, some good, others not. The good news is the announcement that activity will double at its Kawneer asset located in Irurtzun, Spain. Production there is said to focus on standard and custom products for national and international projects....
Rig loses aluminum load on Alcoa Highway
The northbound lanes of Alcoa Highway were partially blocked for more than four hours Monday afternoon after a tractor-trailer rig overturned near the Hilton Knoxville Airport. At about 4 p.m., the flat-bed tractor-trailer, carrying 47,000 pounds of aluminum roll, was on the Hunt Road ramp getting...
Rusal too demands transperancy in the London Metal Exchange’s activities
The world’s largest aluminum producer, Russia’s UC Rusal, matched calls made last week by Alcoa Inc. for the London Metal Exchange (LME) to release more detailed data on long and short positions as well as details of which parties are holding aluminum inventories. “There is a need for greater...
LME rule may change the playing field for aluminium players
In October, the London Metal Exchange (LME) will decide on a proposal to shorten delays in delivery of aluminium from the exchange’s warehouses. Investors would do well to keep a watch, as it could affect the performance of aluminium companies. Aluminium buyers, such as beverage can makers in the...
Alcoa Inc Facing ‘hard times’ on aluminum plants
It is not all that good for Alcoa Inc as it has been forced to close some of its aluminum plants to reduce the production of aluminum by 164,000 tons. These plans are aimed at ensuring a balance between supply and demand. The close of some of the plants will reduce the aluminum capacity by...
Alcoa CEO: 41% of China's aluminum is unprofitable
Nearly half of China's aluminum production capacity is unprofitable, state-run China Daily quoted the chief executive officer of Alcoa Inc. Klaus Kleinfeld saying in a report Wednesday. Some "41% of China's aluminum smelting capacity is unprofitable due to low aluminum prices and high production...
Alcoa Technical Center in Upper Burrell is shifting its strategy
Alcoa Inc.'s battle to get more aluminum into automobiles might be won with a technology developed years ago for soda cans. It's the kind of win that would fit CEO Klaus Kleinfeld's emphasis on more profitable products and being a partner rather than just a supplier to manufacturers. While aluminum...
Kaiser Aluminum has the highest sales per share in the Aluminum Industry
Below are the three companies in the Aluminum industry with the highest sales per share. Sales per share is a valuable metric in comparing relative value for companies in the same industry. Kaiser Aluminum is highest with sales per share of $69.57. Kaiser Aluminum Corporation produces alumina,...
China aluminium firms likely to snub govt call to shift output overseas
China plans to urge local aluminium producers to ramp up overseas investment rather than expand at home, signalling its growing desperation to ease a domestic supply glut. Market participants said the government was clutching at straws and that few firms in the world's largest aluminium consumer...
Brazil’s aluminium production falls in July
Brazil’s aluminium output fell 8% year-on-year in July as lower metal prices and high energy costs discouraged new investments in primary production. The country’s primary aluminium output stood at 110,800 tonnes in July, compared with 120,400 tonnes in the same month last year, according to...
Alcoa Inc wants to speed-up auto market efforts
Alcoa Inc has been gaining some reach in the auto market. This has fueled its confidence and is stepping up operations in that direction. AA will be breaking ground on the expansion project for its rolling-mill in Tennessee. This will raise its quota of auto grade aluminum sheet production. One...
Alcoa to form “Alcoa Recycling” to further drive aluminum recycling
Alcoa today announced it will combine its group charged with recycling aluminum in the packaging market, Evermore Recycling, with its aluminum scrap purchasing group which recycles aluminum used in other markets such as aerospace, automotive, and industrial into a single organization -- “Alcoa...
Oversupply affecting Alcoa and Rusal’s earnings
Over-production is literally bankrupting UC Rusal, Alcoa and other aluminum producers. The Russian producer Rusal recently reported a first half 2013 loss of $439 million, versus a breakeven position last year, nominally a $1 million profit. Revenue for the six months to June 30 fell 8.8%...
Alcoa Kwinana Refinery rolls on after 50 years
It has been a divisive part of Kwinana since it opened its doors 50 years ago. This month the Alcoa Kwinana Refinery produced its 75,000,000th tonne of alumina, coinciding with last month’s 50th anniversary since the plant began operation. The refinery opened in 1963 and was the company’s first...
Alcoa announces further cuts to aluminum production
The aluminum firm Alcoa has announced plans to reduce its production of aluminum by around 164,000 metric tons by closing production at two locations. The cuts are part of Alcoa’s earlier announced plans to reduce its aluminum capacity by 460,000 metric tons to balance supply and demand. Alcoa had...
MUA backs down over Alcoa's use of foreign crews
The Maritime Union of Australia has backed down on demands that the government block aluminium giant Alcoa from gaining a temporary licence to use a foreign-manned vessel to move cargo from its refineries in Western Australia to its smelter in Victoria. The MUA yesterday accused Alcoa of trying to...
Alcoa to break ground on aluminum mill expansion
Alcoa Tennessee Operations will break ground Thursday on the expansion of its aluminum rolling mill to accommodate automotive sheet production. Currently, Alcoa is the world's largest producer of rolled aluminum can sheets for beverage cans. Over the next three years, the company expects to invest...
