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's potential output cuts could lead others to follow suit
Possible aluminum cutbacks Alcoa announced last week are "a potential positive" for the company and could lead other producers to follow suit, an analyst said Monday. The US aluminum major said Wednesday it plans to review 460,000 mt/year of its aluminum smelting capacity over the next 15 months...
Aluminum-lithium alloys may be used for Boeing 777X
The stretched 777-9, the biggest twin-engine model Boeing Co. is planning to build, may be partly fabricated from a new breed of aluminum-lithium alloys, lighter and stronger than the aerospace-grade aluminum now used. Boeing gave the green light to the model on Wednesday. Yes, these new alloys do...
Future of Alcoa's Geelong plant in doubt
The future of the troubled Point Henry aluminium smelter in Geelong is back under a cloud after its American owners Alcoa revealed it was considering deep production cuts worldwide. The smelter, which employs about 500 workers, has been struggling under plunging global aluminium prices and a high...
Chinese heat bends aluminium out of shape
Business Spectators reported that aluminium is the metal that missed the commodities boom and caught the bust. Alcoa’s announcement overnight that it was considering mothballing or cutting another 11% of its global smelting capacity is further evidence of the industry’s struggle to come to terms...
Alcoa to invest $275m in automotive aluminium sheet production
US-based aluminium products producer Alcoa said it would invest $275-million over the next three years to expand and convert capacity at its rolling mill in Alcoa, Tennessee, to support automotive producers’ plans to use more aluminium sheet to increase fuel efficiency, safety, durability and...
Alcoa considering aluminum production cuts
Alcoa Inc. said it could shut down as much as another 11 per cent of its aluminum smelting capacity, targeting higher-cost facilities amid weak prices. The company, which already has 568,000 tonnes, or 13 per cent, of its annual smelting capacity sitting idle, said it will review 460,000 tonnes of...
Government to get loan to fund Clarendon Alumina Partners operations
The government is to get a loan from GLENCORE to help fund the operations of Clarendon Alumina Partners Limited. The Administration recently indicated that it has put off plans to divest CAP but stressed that the loss-making entity would cease to be a burden on the public purse. Finance Minister Dr...
Alcoa Vice President Michelle O'Neill Receives U.S. Presidential Award
Michelle O'Neill, Vice President Government Affairs and Trade Policy for Alcoa, was honored recently with a 2012 Presidential Distinguished Rank Award, the nation's highest civil service award, for outstanding achievement in public service. The award recognizes Ms. O'Neill's extraordinary success...
Alcoa outlook revised to negative by S&P on aluminum price drop
Alcoa Inc., the biggest U.S. aluminum producer, had its credit rating outlook revised by Standard & Poor’s Ratings Services to negative after a slump in the price of the metal. At current aluminum prices, Alcoa’s cashflow and debt are “well outside our expectations” for the company’s BBB- corporate...
Government to dicontinue divestment of shares in loss-making CAP
In an unexpected about-turn, the Government has announced it will discontinue the process of divesting its shares in the loss-making Clarendon Alumina Partners. The government has been attempting to offload its 45 per cent interest in the Jamalco Refinery held by CAP which has been racking up...
Alcoa to submit draft clean-up plan for Columbia River site
The site of a former aluminium smelter owned by Alcoa on the banks of the Columbia River near Longview are to be cleaned up and transformed into $643 million coal export terminal. The American aluminium giant will submit a draft clean-up plan for the 416-acre site to the state Department of Ecology...
Revenue from auto sheet expected to surge to $580 million
Alcoa expects to more than triple its sales of aluminium sheet to automakers by 2015 as they reduce car weight by substituting it for steel in car bodies, an Alcoa executive said. Revenue from auto sheet - mainly used in car bodies - is expected to surge to $580 million by 2015 from $160 million...
Alcoa volunteers clean up Strathearn Museum
On Saturday April 6, 2013 over 40 Alcoa Fastening Systems Simi Valley employees, their families and friends came together to beautify the Strathearn Historical Park and Museum by cleaning up the museum’s exhibit to prepare it for their 2013 Spring opening. In addition to being open for Docent led...
Alcoa lowers 2013 aluminium surplus forecast
Alcoa Inc., the largest US aluminium producer, has not changed its forecasted growth in demand in 2013 after reporting its first quarter earnings. That should be some comfort to investors in companies making non-ferrous metals, especially aluminium, as fears that the euro zone’s continuing problems...
Alcoa sees rise in profits as aluminium industry strengthens
Alumina Ltd’s share price was up sharply on news that Alcoa, with whom Alumina are in a joint venture, saw a big jump in first quarter profits. The US company Alcoa reported a 59 per cent increase profits for the first quarter compared to the corresponding period, reports AAP. Alumina’s CEO John...
Alumina gets boost from Alcoa
Shares in Australia’s Alumina are soaring after its joint venture partner Alcoa signalled that the aluminium industry had turned around, with a jump in profit. The US aluminium giant Alcoa reported a 59 per cent rise in first quarter earnings. Alumina’s shares were up 6.25 cents, or 6.22 per cent,...
Alcoa Kwinana refinery on fire causing upto $1 million damage
A fire broke out in the cooling tower at Alcoa's Kwinana alumina refinery today causing up to $1 million damage. There were reports of an explosion and a plume of black smoke flowed from the refinery. Department of Fire and Emergency Services spokesman Allen Gale confirmed the blaze started a short...
Alcoa boosted by strong aluminum demand
Alcoa Inc. kicked off earnings season on Monday by reporting a larger first-quarter profit than analysts expected, helped by strong demand for aluminum used to make airplanes and automobiles. The company still sees demand for aluminum growing 7 per cent in 2013, with gains cutting across many...
