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 Acquires Biggest Global Buyer of Recycled Cans
Aluminum producer Alcoa has bought beverage can recycling company Evermore Recycling, which it describes as the world’s biggest purchaser of recycled cans. Alcoa and Novelis previously were partners in the recycling company, but Alcoa took control of Evermore at the end of August. Alcoa’s Evermore...
Shares of Alcoa indicating bearish trend
Shares of Alcoa crossed below the 50-day moving average indicating a likely bearish trend. Recent trading activity signals that the shares may continue to head lower in the foreseeable future as long as the stock price remains below the moving average line. AA shares slid 1.54%% percent to $8.43 on...
Aluminum Market Showing Signs of Stress
Extravagant claims recently made by United Company Rusal, the world’s largest aluminum producer, in a Financial Times article reflect more hope than reality. “More than 4.5m tons of global aluminum production will be idled [by the end of] 2012 due to the fact that global aluminum prices are, based...
Aluminum Prices sport Rising Trend on Monthly Index
The monthly Aluminum MMI registered a value of 99 in October, an increase of 5.3 percent from 94 in September. MetalMiner’s aluminum price index moved up this month due to broad price improvement for primary aluminum (e.g. the LME), but also for European sheet and plate prices (the former due to...
Three potential suitors for Alcoa Italy plant
Three companies have expressed interest in the Italian smelter of U.S. aluminium group Alcoa , an Italian junior minister said on Thursday as the Italian government looks around for a buyer for the troubled plant. "At the moment there are three manifestations of interest from (Switzerland's)...
European Commission allows Alcoa's Italian plant to use subsidised electricity untill 2015
The troubled Italian smelter of aluminium group Alcoa will be able to continue using special contracts allowing it to buy electricity at lower prices until 2015 following a decision on Wednesday by the European Commission. The Commission ruled the special power contracts on the islands of Sardinia...
US$ 2 million from Alcoa to accelerate recycling
Alcoa and its charitable branch, the Alcoa Foundation, is to invest a sum of US$ 2 million in the new US Action to Accelerate Recycling (AAR) initiative to improve the domestic recycling rate. If landfill diversion targets are achieved, this would result in the avoidance of 850 metric tons of...
Kaiser Aluminum has the Lowest Beta in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.Kaiser Aluminum ranks lowest with a a beta of 1.2. Alcoa is next with a a beta of 1.4....
Glencore shows interest to take over Sardinia Alcoa plant
Commodity trading and mining group Glencore has expressed an interest in taking over Alcoa's aluminium plant on the island of Sardinia, Italy's industry ministry said on Friday. "The Swiss multinational (Glencore) confirmed its interest in discussing the Alcoa question, asking for clarifications...
Alcoa begins shutdown of Italy plant
Aluminium maker Alcoa said Saturday it had began to close down its plant on the island of Sardinia in a move that will see hundreds of job losses. Alcoa blamed "factors beyond our control" including "the economic situation and the burdens imposed by the European regulatory system" for the shutdown...
Italy workers protest planned Alcoa plant closure
Workers from a threatened Alcoa Inc aluminum plant in Sardinia staged a loud protest in Rome on Thursday to pressure the Italian government to intervene to keep the factory open. "We want to live with dignity," said worker Renato Cocco. "We want to work and earn our living for ourselves, for our...
Century Aluminum is Among the Companies in the Aluminum Industry With the Highest Beta
Below are the three companies in the Aluminum industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Century Aluminum ranks highest with a a beta of 2.0. Following is...
Alcoa products used to rebuild tornado ravaged Henryville Indiana Schools
Just five months after a category F4 tornado directly hit the Henryville Schools in Indiana, students returned to a newly reconstructed facility. Entrances and windows from Kawneer Company, Inc. and Traco, both leading Alcoa (NYSE:AA) Building and Construction Systems' brands, were used to help...
Draft permits for Aloca's Massena modernization up for review
Public comment is now being taken on permits requested for the proposed modernization of the Aluminum Company of America plants in Massena. The proposed permits are available for public review. Comments will be taken until Sept. 21. Alcoa owns and operates two primary aluminum reduction facilities...
Alcoa shares are trading close to Resistance
Shares of Alcoa, Inc. are trading very close to calculated resistance at $8.98. The stock ended the trading session at just $8.82, which is near levels that make it difficult to buy or start a position. Alcoa Inc. (NYSE:AA) produces primary aluminum, fabricated aluminum, and alumina, and...
Alcoa applies for modernization permits for its Massena plants
Alcoa has applied for the environmental permits required to modernize its Massena operations. The three permits will regulate air and water pollution from Massena’s two aluminum plants should Alcoa decide to modernize them. The project is still proposed; Alcoa is lining up the necessary permits in...
Aluminum company shares expected to climb
Aluminum company shares are poised to return more than the metal they make as financial contracts mask a glut by limiting supplies and raising costs for buyers. United Co. Rusal, the biggest producer, will climb 29 percent in Hong Kong trading and Oslo-based Norsk Hydro ASA, 27 percent, the average...
Alcoa to sell Texas plant assets and land
Aluminium company Alcoa said on Wednesday it will sell land and other assets at its Rockdale, Texas plant to the Lower Colorado River Authority, a nonprofit public utility and conservation body. Terms of the deal were not disclosed, but Alcoa said it will retain ownership of its smelter and...
