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...
Grow with
AL Circle
Alcoa names Ken Giacobbe as CFO of Alcoa Engineered Products and Solutions
Alcoa AA, miner of bauxite, refiner of alumina and producer of primary and fabricated aluminum, on Friday named Ken Giacobbe as CFO of its Engineered Products and Solutions (EPS) business group with immediate effect. Giacobbe, in his new role, will have financial charge of the EPS business, which...
Aluminum Price Index Held Steady in 2012
The January Aluminum MMI held steady this past month at 99. Prices for nearly every aluminum element contained in the monthly aluminum price index held constant, and movements were limited to a very tight range. “The Aluminum MMI has held up strongly since the start of 2012, slipping only one point...
Alcoa predicts rebound in aluminium price
Alcoa — the largest US aluminium producer — sees global demand growth for the commodity recovering to 7% this year as China’s economic rebound drives demand for cans, transport and office buildings. Aerospace demand would increase by as much as 10% as aircraft makers faced record backlogs, the...
Norsk Hydro sticks to its outlook for primary aluminium demand
Norwegian aluminium maker Norsk Hydro maintained its outlook for primary aluminium demand this year, even as rival Alcoa released a bullish projection a day earlier, its top executive said on Wednesday. "We haven't changed our position for the future growth of aluminium," Chief Executive Richard...
Alumina shares jump on Alcoa profit beat
Shares in Australian company Alumina have risen after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings season posting net income of $US242 million ($231.5m), compared to a $US193m net loss from the same...
Asian stock markets rise after Alcoa's strong demand forecast
Asian stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013. Demand for aluminum has been hurt by the weak global economy, but Alcoa predicted a 7 percent increase in demand this...
Alcoa projects positive outlook for aluminium in 2013
Alcoa Inc, the largest aluminum producer in the United States, is cautiously optimistic demand for the metal will continue to grow in 2013, helped in part by strong sales to aerospace and construction customers. Executives offered a positive outlook on Tuesday for 2013, but kept a cautious tone as...
China will drive demand for cans, cars and building materials
America's largest aluminum producer, Alcoa, as the usual way fired the starting shot for the U.S. reporting period on Tuesday evening, predicts that the global demand for aluminum will increase by 7 percent in 2013. The forecast is based on an economic recovery in China will drive demand for cans,...
Aluminum price rise should help Alcoa in 4th Quarter
Analysts anticipate Alcoa Inc. will kick off the earnings season with improved results over the prior quarter, largely due to a 4-percent uptick in the price of aluminum on the London Metal Exchange. "Aluminum prices were higher sequentially. LME cash averaged $2,001 per tonne in the fourth quarter...
Extruders have excess aluminum billet: sellers
Aluminum billet consumers have started the new year with excess material on the floor after they purchased extra billet in 2012 in case labor contract talks at Alcoa Inc.'s Aluminerie de Becancour (ABI) smelter in Quebec turned sour. Few 2013 spot deals have closed as a result, keeping premiums...
Aluminum Prices Will Weigh On Alcoa's Q4 Earning Results
Alcoa will kick off this quarter’s earnings season when it announces its Q4 results after the market closes on Tuesday, January 8. Alcoa’s results are closely eyed as it usually is the first Dow company to post earnings. We expect the company to record soft earnings, but most investors will watch...
WA’s mining industry calls for a review of mining development at Kimberley
WA’s mining industry has called for a full review of resource development in the Kimberley after Colin Barnett appeared to rule out development of a massive bauxite resource in the region owned by Rio Tinto and Alcoa. Association of Mining and Exploration Companies chief executive Simon Bennison...
Western Australian Government launches case against Alcoa
The Western Australian Government has launched a prosecution case against an alumina refinery owned by Alcoa for allegedly breaching its operating licence. The Department of Environment and Conservation alleges in May 2011, dust from the company's plant in the South West town of Wagerup spread...
Rio, Alcoa win two-year extension on their bauxite alumina project
Resource giants Rio Tinto and Alcoa have won a two-year extension on their plans to develop a massive bauxite deposit and alumina smelter in the Kimberley, despite Premier Colin Barnett casting doubts on the venture. Earlier this month Mr Barnett suggested the remote, costly, project was unlikely...
Alcoa Wins Long-Term Siemens Contract to Supply Blades and Vanes
Alcoa today announced that Alcoa Power and Propulsion (APP) has signed a long-term agreement with Siemens Energy to supply blades and vanes for a wide range of industrial gas turbines. Siemens Energy is one of the world's leading suppliers of products, solutions and services in the energy...
Alcoa Awards $40,000 Aluminum Training Grant to Collision Repair Education Foundation
The Collision Repair Education Foundation has announced that Alcoa Foundation, the philanthropic arm of Alcoa, awarded the Collision Repair Education Foundation a $40,000 grant that will provide educational and aluminum repair training to post-secondary collision instructors and students. Collision...
Aluminium makers drop as Alcoa ratings go down
Sterlite Industries (India) (down 1.13% at 118.45), National Aluminium Company (down 0.31% at Rs 48.75), and Hindalco Industries (down 0.04% at Rs 129.30), edged lower. Meanwhile, the BSE Sensex was down 24.71 points or 0.13% at 19,451.29. Shares of Sterlite Industries (India) outperformed the...
Alcoa Partner Maaden Obtains $2.4 Billion Loan to Fund Expansion
Saudi Arabian Mining Co., (MAADEN) that’s building an alumina refinery in a joint venture with Alcoa Inc., obtained $2.4 billion in loans to finance projects, raising more money than initially sought. The company, known as Maaden, raised 9 billion riyals from five-year Islamic loan after seeking 7...
