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 announces quarterly common and preferred dividends
The board of directors of Alcoa AA, a producer of primary and fabricated aluminum, miner of bauxite and refiner of alumina, authorised a quarterly common stock dividend of USD0.03 per share, the company reported on Friday. This dividend will be paid on 26 August 2013 to all shareholders of record...
Alcoa urges LME to provide more transparency in aluminum trading
Alcoa Inc., the largest U.S. aluminum producer, is urging the London Metal Exchange to provide more transparency into its marketplace for the lightweight metal. The current system isn’t sustainable, Klaus Kleinfeld, Alcoa’s chairman and chief executive officer, said in an interview. At stake, he...
New appointments at Alcoa
Roy Harvey has been appointed chief operating officer for Alcoa's Global Primary Products (GPP) and will focus on the day-to-day operations at the aluminium giant's 22 aluminum smelters and nine alumina refineries worldwide. Harvey, a member of Alcoa's Executive Council, will also oversee the...
Primary aluminum output down 8.4% in Brazil
Brazil‘s primary aluminum output in the first half of 2013 reached 666,000t, down 8.4% from 727,300t year-on-year, national aluminum association Abal said. According to the latest data available in Abal’s website, primary aluminum exports in the January-May period of 2013 totaled 207,400t, down...
Alcoa appoints new COO to manage aluminium smelters
US aluminium producer Alcoa has promoted global primary products (GPP) CFO Roy Harvey to COO for the company's business effective immediately, where he would focus on the day-to-day operations of Alcoa's 22 aluminium smelters and nine alumina refineries worldwide, as well as bauxite assets in...
European stocks advance on Alcoa results, Greek relief
European stocks rose on Tuesday as investors took their cue from better-than-expected earnings from US aluminium giant Alcoa and after the eurozone released of billions of euros in fresh aid for Greece, dealers said. The optimism stayed high even as the International Monetary Fund slashed its...
Noranda Aluminum has the highest forward P/E ratio in the aluminum industry
Below are the three companies in the Aluminum industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to...
Alcoa to close fusina smelter in Italy
Alcoa announced today that it intends to permanently close its Fusina (Venice, Italy) primary aluminum smelter, which has been curtailed since June 2010. The planned closure will reduce Alcoa’s global smelting capacity of 4.2 million metric tons per year by 44,000 metric tons. The intended closure...
Aluminum industry seeks solutions to overcapacity quandary
As with many industrial market trends today, the overcapacity problem stems from China’s rapid economic expansion. According to London-based research firm CRU, China now has an installed aluminum production capacity of 28 million tons and is producing at a rate of 24 million tons per year. The...
Rio under market pressure to cut aluminium production
Australia's high-cost aluminium production is in the firing line amid sliding prices, with global giant Alcoa confirming its Victorian smelters are prime targets for capacity closures and Rio Tinto being urged to cut production from local assets. Alcoa, which kicked off the US reporting season with...
High-cost Victorian aluminium smelters could go under Alcoa cuts
US-based aluminium maker Aloca has confirmed that its Victorian smelters are being considered for closure as it comes under pressure to reduce production. Alcoa reported a second-quarter net loss of $US 119 million this week, and has said that it would end high-cost smelter production as part of a...
Alumina Gains as costs fall
Improved margins reported by leading US aluminium/alumina producer Alcoa in the second quarter have given brokers a reason to expect a better performance from Alumina Ltd this year. Alcoa reported a surprise quarterly increase in the alumina division's earnings margin to US$47/t from US$44/t. Costs...
Alcoa CEO Not Worried About Proposed LME Policy Change
Alcoa Inc.'s chief executive said Monday that he wasn't concerned about the rollout of a London Metal Exchange warehousing policy that may limit demand for the company's metal. Warehouses licensed by the LME have emerged as a source of demand for aluminum in recent years as banks and commodities...
Alcoa earnings exceed estimates after aerospace orders increase
Alcoa Inc., the largest US aluminium producer, reported earnings that beat analysts’ estimates after a better-than-expected performance at its unit that supplies components to aerospace and power companies. Profit excluding expenses related to output cuts and a legal settlement were 7 cents a...
Alcoa posts quarterly profit; sees aluminum demand growth
Alcoa Inc remains optimistic that global demand for aluminum will grow 7 percent this year, driven largely by demand from the aerospace and commercial transportation sectors, the largest aluminum producer in the United States said on Monday. The company also reported a larger-than-expected profit...
Alumina may still prevail when market conditions normalise
ALUMINA'S buddy Alcoa is sticking to its forecast of 7 per cent growth in global aluminium demand this calendar year, in ?essentially balanced'' alumina and aluminium markets. This is despite lower prices for the finished metal and the general industry funk. In fact Alcoa's downstream operations...
Alcoa Facing ‘Hard Decisions’ on Aluminum Plants
Bob Wilt’s first job at Alcoa Inc. (AA) was in 1999 at a plant in the Tennessee town named after the company. In 2012, as head of the aluminum producer’s U.S. smelters, he oversaw the plant’s demolition. As the new president of Alcoa’s global primary products business, the Gulf War veteran will now...
Alcoa Inc. to cash in on beer can trend
The trend to market craft beer in cans has not escaped the attention of Alcoa Inc., one of the world’s leading producers of aluminum sheet used in beverage cans. Alcoa, with aluminum recycling and manufacturing facilities in Blount County, is actively trying to promote the use of such cans, Allison...
