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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Aluminium leaders involve in can recycling battle
Aluminium industry leaders and former partners Alcoa and Hindalco Industries’ subsidiary Novelis are now competing strongly to collect and recycle the 92.5 billion aluminium beverage cans made in the USA annually, according to the Wall Street Journal. Novelis, which ended the partnership on August...
Alumina agrees to limits exposure to Alcoa's civil bribery case
Melbourne-based Alumina Ltd has secured an agreement limiting its exposure to Alcoa's $US85 million ($83m) cash settlement of a US civil bribery and fraud lawsuit from state-controlled Aluminium Bahrain (Alba). The Alcoa settlement was without admitting any liability and includes a long-term...
Alba celebrates victory against Alcoa despite Lackluster Gulf Arab Market.
The International Monetary Fund's ( IMF) gloomy outlook for the world economy weighed in Gulf stock exchanges Wednesday, but the sluggish sentiment could not prevent Aluminum Bahrain from celebrating its legal success against U.S. counterpart Alcoa. The oil price-sensitive markets in Kuwait and Abu...
Canada Stocks Fall to 1-Month Low as Alcoa Cuts Aluminum Outlook
Canadian stocks fell to the lowest level in almost five weeks after Alcoa Inc. cut its aluminum outlook on weakening demand in China, the world’s biggest commodities consumer. Niko Resources Ltd., an oil and gas explorer, slumped 8.5 percent. Enbridge Inc. (ENB) retreated 1 percent. AuRico Gold...
Alcoa Foundation to invest millions to boost recycling
The Alcoa Foundation, Alcoa's charitable branch, has announced plans to invest US$2 million in the Action to Accelerate Recycling (AAR) initiative in the USA. The objective is to improve domestic recycling rates and reduce greenhouse gas emissions by as much as 850 metric tons. The AAR is all about...
Alcoa Inc. 3rd Q earnings surpass analyst forecasts
Aluminium maker Alcoa Inc. kicked off the U.S. third quarter earnings season on Tuesday with earnings and revenues that were above analysts’ expectations. The company also said that aluminium demand would double from the current levels going to 2020. "We see the aluminium market as fundamentally...
Aluminium fell to its one-month low
Aluminium fell to its lowest in more than a month on Wednesday, as concerns about continued demand weakness offset fresh hopes for pro-growth policies from top metals consumer China. Aluminium fell more than other metals under the weight of comments late on Tuesday by producer Alcoa Inc which...
Alumina faces loss from its partner Alcoa
Alumina received no dividends from its joint venture partner Alcoa in the three months to September after the US company posted a third quarter loss of $US143 million ($A140.96 million). Melbourne-based Alumina's only earning asset is its 40 per cent stake in Alcoa World Alumina and Chemicals...
Aerospace and automobile sector helped Alcoa to a quarterly profit
Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations despite weak aluminum prices and worries about China's slumping economy. But, even with its strong downstream business, Chairman and Chief Executive...
SERDC Honors Alcoa with LEAP Award for Recycling Leadership
Alcoa is the inaugural winner of the LEAP award for recycling leadership given by the Southeast Recycling Development Council (SERDC), an organization dedicated to promoting sustainable recycling in the Southeast U.S. The award recognizes corporate leadership in the drive to increase recycling...
Intalco gets long-awaited 10-year power deal for Ferndale-area smelter
After many months of negotiations, Alcoa has announced a new 10-year electric power supply deal with the Bonneville Power Administration that should help maintain 625 jobs at the Alcoa Intalco Works smelter west of Ferndale. Before the new power deal is final, it must undergo a public comment...
Alcoa Cuts Global Aluminum Forecast on China Slowdown
Alcoa Inc., the largest U.S. aluminum producer, cut its forecast for global consumption of the metal by 1 percentage point on slowing Chinese demand, helping to trigger a decline in Asian stocks for a third day. Demand will climb by 6 percent this year, the New York- based company said yesterday in...
Alcoa to pay $85m to Alba to settle lawsuit
Alcoa of the US is to pay $85m to settle a long-running lawsuit brought by Bahrain’s state-controlled aluminium company over alleged corruption, in a case that could trigger other foreign businesses to launch similar actions against US multinationals. The deal – which Aluminium Bahrain said was...
Alcoa plans to split up operations
Alcoa Inc. (AA), the aluminum producer dragged down by the metal’s price decline, stands to unlock 63 percent in added value for shareholders by splitting itself up. Alcoa, the 124-year-old seller of metals for use in beer cans and airplanes that plans to release third-quarter results after the...
Aluminium provides a cheaper substute for costly copper
Copper, enjoying much superiority over any other metal in electrical and thermal conductivity and also ductility, is today about four times as expensive as aluminium. But with China showing evidence of slowing growth for a seventh straight quarter, the three-month forward prices on the London Metal...
Court rules for Alcoa over hydro-electric dams
One of the world's largest producers of aluminum will be able to submit a new request for certification so that it can operate four dams along the Yadkin River. Alcoa Inc. originally received its certification in May 2008 for the Yadkin Hydroelectric Project, but the state revoked it in 2010 after...
Sardinia govt to meet Enel on cheaper power for Alcoa smelter
The Sardinia region's government will discuss ways with energy group Enel to reduce the price of power for Alcoa's Italian plant, the Sardinia region president Ugo Cappellacci said on Tuesday. A discounted energy price for Alcoa could help entice a buyer for the smelter, which U.S. aluminum maker...
Alcoa Adopts New Pricing Mechanism Tied to Physical Ingot Premiums
It was inevitable, really – we have written several times this year on the rising spot premiums for physical delivery of primary aluminum ingot. Japan has seen the greatest surge in premiums, but Europe and even the U.S. Midwest ingot price have not been far behind. Of course in the U.S., consumers...
