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 losing its accuracy as a bellwether for the U.S. stock market
Alcoa Inc., the first Dow Jones Industrial Average member to report results each quarter, is losing its accuracy as a bellwether for the U.S. stock market. The Standard & Poor’s 500 Index has usually followed Alcoa’s lead since 2002, rising 2.5 percent in quarters when the aluminum producer beat...
Alcoa plagued by aluminum glut
Alcoa Inc. is witnessing a seventh consecutive quarter of falling or flat raw aluminum prices on the London Metal Exchange, despite its own moves to curtail production. The depressed raw aluminum price is expected to fall one cent to eight cents a share. Speculators are busy shorting aluminum, part...
Alcoa's latest tech further pushes aluminum into autos
Ahead of its first-quarter earnings release Monday, Alcoa unveiled its latest innovation in its bid to push aluminum across more of a vehicle's structure. Vehicles have long been the domain of steel, and that industry continues to create its own lighter-weight material for auto manufacturers...
Power play in court as Alcoa demands hardship price deal
Two of Australia's biggest companies, AGL and Alcoa, are squaring off in the Supreme Court over power supplies to the Point Henry ageing aluminium smelter. Alcoa, which owns and operates the smelter, is suing AGL after it refused to implement hardship provisions under a multi-million-dollar power...
Alcoa Inc's first quarter estimate below consensus
Alcoa Inc’s earnings for the first quarter could be lower than consensus although higher alumina prices offset aluminum. Analysts at Macquarie Equities Research expressed concern over the company’s reliance on productivity gains although Macquarie Equities Research analysts, Aldo Mazaferro and Luke...
Alcoa prepares to move forward with next phase of Massena modernization
Alcoa today announced that it is prepared to proceed with the next phase of the modernization of its Massena, NY operations, once the company receives a Record of Decision on the Grasse River that is in line with the Proposed Remedial Action plan issued by the Environmental Protection Agency last...
Alcoa to invest $42 million on aluminum plant modernization
State officials say Alcoa Inc. is set to invest $52 million in northern New York under an agreement that continues to provide low-cost hydropower to the aluminum company. Gov. Andrew Cuomo says Alcoa will spend $42 million to prepare for modernization and added capacity at its plant in Massena....
Aluminum companies reject tax evasion claims
Samál, the Icelandic Association of Aluminum Producers, issued a statement today rejecting claims that they avoid, albeit through legal means, paying income tax in Iceland. In the statement, Samál iterated that the aluminum companies operate in compliance with the Icelandic laws and regulations and...
Aluminium prices under stress due to excess supply
Aluminium prices are unlikely to bounce back in the near-term as capacity surpluses continue to exert downward pressure, despite major global producers resorting to cuts. From a medium-term perspective, a dip in automobile purchases amid renewed economic uncertainty in Europe and a slowdown in...
Huge international aluminum companies pay no tax in Iceland
Two large aluminium companies, Alcoa and Norðurál, that have been operating in Iceland for years, have paid close to no corporate tax (sometimes referred to as income tax) over the past years. Alcoa for example has not paid a cent (or Icelandic króna) in corporate tax since the company was founded...
Cheap aluminium producer - a tough choice between Alcoa and its Chinese counterparts
After the oil bubble peaked in 2008, virtually all commodities took a nosedive. Aluminum was no exception, falling from a peak of $3,070 per metric ton in August 2008 to a low of $1,340 in February 2009. Since then, it has rebounded to just above $2,000 per metric ton, or about 35% below its peak....
Alcoa wins 2013 Manufacturing Award for Information Leadership
Alcoa announced today it was named a 2013 Manufacturing Leadership 100 Award winner in the Information Leadership Category by the Manufacturing Executive and Manufacturing Leadership Council. The awards honor companies and individuals that are shaping the future of global manufacturing. Alcoa was...
Aluminum Shines in Military Vehicle Showcased on "Jay Leno's Garage"
Aluminum played a star role this week in an episode of "Jay Leno's Garage" that featured the U.S. Army's rugged Fuel Efficient Ground Vehicle Demonstrator (FED). The FED sports a low weight aluminum structure, armoring, and underbody blast shield that will give troops an edge. Vehicle capability,...
Alcoa named on Fortune’s “Most Admired” list
Alcoa has been named the most admired metals company in the world for the second year in a row in Fortune magazine’s annual ranking on corporate reputation. Alcoa has been a member of the "Most Admired" list since Fortune began the annual ranking 30 years ago. Alcoa also received top ranking in...
Alcoa celebrates 50 years in Australia
ALCOA celebrates 50 years of operating and investing in Australia this year. Fifty years ago Alcoa started the process of mining bauxite at Jarrahdale and then adding value locally by producing alumina at the Kwinana Alumina Refinery and smelting it into aluminium ingots at Point Henry Smelter in...
Aluminum Stocks to Watch out for
Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:- Alcoa Inc decreased 2.55% and closed at $8.42. Alcoa Inc. (Alcoa) is engaged in the production and management of primary...
Alcoa funds $20 million substation overhaul
US aluminium giant Alcoa has invested $20 million overhauling two electricity sub-stations powering its Wenatchee smelter in Washington State, USA. The overhaul was designed to minimise the risk of a power outage at the plant. The modernised McKenzie and Valhalla substations are owned respectively...
Jamaica companies being downgraded over government debt swap deal
The New York-based Fitch Ratings agency announced today that it had downgraded the Clarendon Alumina Production Ltd's ratings on the basis of the Jamaica government debt exchange, which closes today. This follows announcements made last week by international insurance rating agency A.M Best that it...
