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 to Sell Tapoco Project
Aluminum giant Alcoa Inc. (AA) announced the sale of its 378-megawatt Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners, a Canadian company engaged in operating renewable energy platforms worldwide. Tapoco is a four-station hydroelectric project located on the Little Tennessee...
Alcoa denies Brazilian aluminum production stoppage reports
US-based aluminum giant Alcoa has denied Brazilian press reports that it has stopped producing aluminum at its plant in the municipality of Poços de Caldas, in Minas Gerais state. According to local magazine Veja, Alcoa has become self-sufficient in electricity and noticed that it could earn a lot...
Decision upheld in Alcoa subsidiary lawsuit over aluminum alloy patent
The Supreme Commercial Court's presidium has upheld the decision of the All-Russian Scientific Research Institute of Aviation Materials (VIAM) to terminate a license contract under which Alcoa Samara Metallurgical Plant used its patented alloy, the court spokesperson told RAPSI on Tuesday. The...
Workers protest at closed Alcoa smelter
Alcoa employees protesting the closing of an aluminum smelter on the Italian island of Sardinia threw firecrackers Tuesday and battled police officers. The battle at the now-closed Great Serbariu Mine occurred as government officials were preparing to meet to sign an economic development agreement...
Alcoa shuts down Sardinian smelter
Alcoa’s Portovesme aluminium smelter in Sardinia’s Sulcis region has closed down, one day ahead of schedule. Unions had been in negotiation with Alcoa and the Government to keep the plant operational while a buyer was found and while three companies did express interest, nothing has happened....
Kaiser Aluminum Ranks the Highest in aluminium industry in Sales per Share
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 (NASDAQ:KALU) is highest with sales per share of $70.68. Kaiser Aluminum Corporation produces...
Tesla's All-Aluminum Model S Named Automobile Magazine's 'Car of the Year'
Alcoa today congratulated Tesla Motors on the Tesla Model S electric vehicle, an all-aluminum premium sedan, being named Automobile Magazine's 2013 Car of the Year. The body of Model S is a state-of-the-art, aluminum-intensive design and has won accolades across the industry. It accelerates from 0...
Fall in metal prices takes toll on Bahrain's Alba
Aluminium Bahrain (Alba) has reported third-quarter losses on increased natural gas prices and falling metal prices. Net losses stood at US$35 million (Dh128.5m), compared with a net profit of $214m a year earlier. Prices for the metal declined by 24 per cent to $1,922 per tonne in the quarter,...
Alcoa Sardinia smelter shuts down its final cell
The troubled Alcoa aluminium smelter in Portovesme shut down the last of its cells on Thursday, one day ahead of schedule, in the wake of a decision to power down the plant that has pitted workers against the Italian government and the American aluminium giant. ''This is the saddest day,'' said...
The Aluminum Association Elects New Leaders At Annual Meeting
The Aluminum Association's membership re-elected four members of the Board of Directors per the work of the Association's Nominating Committee chaired by Tony Farraj, Commercial Vice President for Global Can Sheet at Alcoa. The Association elected Jean Simon, President and Chief Executive Officer,...
Aluminum will Shine again for Alcoa and Bauxite Resources
Due to the slump in the global economy, share prices for companies in the aluminum sector such as Alcoa and Bauxite Resources have become very attractive. Alcoa, a Dow Jones 30 member, is the largest aluminum company in the world. Bauxite Resources, based in Australia, is the largest tenement...
Alcoa Foundation and DoSomething.org Partner on Aluminum Can Recycling Drive
Starting today, Alcoa Foundation and DoSomething.org, the largest U.S. organization for teens and social change, will run the biggest youth-led aluminum can recycling drive in the country, targeting high school students. The goal of the drive is to activate a minimum of 40,000 young people across...
Alcoa Participates in the Inauguration of Estreito Hydro Power Plant in Brazil
Alcoa (NYSE:AA) joined with Brazilian business and government dignitaries, including President Dilma Rousseff, in the inauguration of the 1087-megawatt Estreito hydroelectric power plant in Brazil. The power plant was developed by the Estreito Power Consortium, comprised of Alcoa (25.49%),...
Alcoa: Aluminum Oversupply And Weak Outlook Doesn't Make The Stock A Buy
Alcoa Inc (AA) continues to operate in a difficult environment. We have a neutral rating on the company, as we continue to see the aluminum market remaining oversupplied in the near future. There is little upside potential for aluminum prices given the supply and demand situation. However, we...
Alcoa Names 2012 Top North American Scrap Suppliers
Alcoa AA +0.33% today recognized the Top North American Scrap Suppliers for 2012. This marks the eighth consecutive year that Alcoa's Scrap purchasing group has honored the best suppliers in terms of safety, quality, volume, breadth of supply to multiple locations, and delivery performance....
Cans for Cash' program returns, offers rewards for recycling aluminum
Aluminum giant Alcoa Inc. ( AA ) announced the signing of a tentative long-term power contract with Bonneville Power Administration (BPA) for its Intalco Works aluminum smelter in Ferndale, Washington. The contract is expected to be finalized by the end of the year and will expire in September...
Maaden wins $320m loans for aluminium project
Saudi Arabian Mining Co (Maaden) said on Tuesday it had signed financing agreements worth $320 million with a Saudi government fund to develop the first phase of an aluminium projects in the kingdom with Alcoa . Saudi Industrial Development Fund, a government institution, has agreed to lend Maaden...
Millions of carbon units granted to firms in Central Queensland
Several major industrial firms with operations in Central Queensland have been granted millions of carbon units. While Alcoa and Queensland Nitrates were the first two companies to be granted carbon units under the trading scheme, nine other companies have now joined the scheme. Among them, Orica...
