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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Dahlman Rose lowers price target for Alcoa
Investment bank Dahlman Rose said Tuesday it had lowered its price target on major US aluminum producer Alcoa to $13 from $14.65/share to reflect lower 2013 LME aluminum price estimates. Dahlman lowered its LME aluminum price estimate for 2012 to $0.91/lb from $1/lb and for 2013 to $1/lb from...
Alcoa Inc. offers Alba $45 million to settle a federal lawsuit
Alcoa Inc. has offered a Bahrain-controlled company at least $45 million to settle a federal lawsuit that alleges Alcoa-related firms paid millions in bribes that resulted in the other company overpaying for raw materials. Attorneys for Aluminum Bahrain BSC, also known as Alba, did not immediately...
Alcoa confident about aluminium demand
Alcoa Inc.’s executive vice-president and chief financial officer Chuck McLane believes that aluminium prices should be trending up if the fundamentals are any indication. But his firm reported average aluminium realizations in the June quarter to be down by 4% sequentially and by 17.7%...
Ample Aluminium inventory responsible for low aluminium price
AS METAL markets enjoyed a once-in-a-generation party over the past decade, aluminium was the proverbial wallflower. At most, its price rose 143 per cent, and it now sits 38 per cent above where it stood 10 years ago. Compare that to copper, which peaked with a gain of more than 500 per cent and is...
Alcoa to benefit from higher aluminum prices
Alcoa Inc. should benefit from slightly higher aluminum prices this year and next year, but analysts disagree how much that will affect profits. After the markets closed Monday, Alcoa reported it slid to a second-quarter loss from a year-ago profit due to weak aluminum prices and hefty quarterly...
Alumina reviews pre-tax settlement charge booked by Alcoa
Alumina Limited is reviewing a $US45 million pre-tax settlement charge booked by its joint venture partner Alcoa in relation to a Bahrain bribery case. The Australian-listed company, commenting today after Alcoa's quarterly earnings release, said that it was evaluating the basis for the $US45m...
Alcoa profit affected by low aluminum price
Aircraft and automobile makers may be using more aluminum, but as long as the metal's price remains near two-year lows, Alcoa Inc will struggle, analysts said on Friday. The average earnings estimate has been cut over the past week from 15 cents per share and Wall Street now expects Alcoa to post...
Aluminum Makers Turn to Middle East for cheaper aluminium production
Aluminum production is tilting toward the Persian Gulf and industry giants Rio Tinto (RIO), Alcoa Inc. (AA) and Norsk Hydro ASA (NHY.OS) are betting heavily that the region can produce aluminum more cheaply and can grab global market share. The rush to lower production costs is intense. The...
Alcoa Earning Preview does not raise much expectations
The world's biggest aluminum maker Alcoa is set to kick start the much awaited earnings season on July 9. Investors and analysts are keenly watching the earnings season to rekindle interest in the stock market that has witnessed somewhat lukewarm or lackluster trading in the second quarter after a...
Alcoa to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners
Alcoa, a leading manufacturer of alumina, fabricated aluminum and primary aluminum has agreed to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners. Brookfield Renewable Energy Partners handles one of the largest pure-play and publicly-traded renewable power...
Alcoa to sell hydropower project to Brookfield
Aluminum company Alcoa Inc said on Friday it will sell its Tapoco hydroelectric project in Tennessee and North Carolina to Canada's Brookfield Renewable Energy Partners for $600 million. Tapoco, a 351-megawatt project located on the Little Tennessee and Cheoah Rivers in eastern Tennessee and...
Kawneer Partners With Premier Glass Products
Kawneer Company, Inc., an Alcoa business and the leading manufacturer of architectural aluminum products and systems for commercial construction, announces a strategic partnership with Premier Glass Products (PGP), a manufacturing representative agency providing exceptional levels of service to the...
Alcoa stocks booming despite slow market
Alcoa doesn't need much of an introduction. The company has been at the vanguard of every major aluminum industry innovation for well over a century. With aluminum below the industry's cost of production, plant closures are putting a crimp on supplies. As a result, the world could be headed toward...
Century Aluminum has the Highest Beta in the Aluminum Industry
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 2.1. Noranda Aluminum...
Kaiser Aluminum Ranks the Highest in Terms of Free Cash Flow Per Share
Below are the three companies in the Aluminum industry with the highest free cash flow per share. FCF/share is a valuable metric signaling a company's ability to facilitate growth in the business.Kaiser Aluminum (NASDAQ:KALU) is highest with FCF per share of $1.61. Kaiser Aluminum Corporation...
LME approves Brand Name Change For Alcoa's Australia Aluminum Brand
The London Metal Exchange has approved the name brand change for high grade aluminum produced by Alcoa Inc (AA) in Australia. The exchange approved the name brand change of "Alcoa of Australia" to "PTH-ALCOA" under the High Grade Primary Aluminium contract.
Alcoa earning estimates cut by Deutsche Bank
Alcoa Inc. saw its earnings estimates slashed Tuesday by Deutsche Bank Securities, which cited lower aluminum prices and production cuts. The downward revision comes two weeks ahead of the Dow component’s scheduled release of second-quarter results on July 9. Deutsche analyst Jorge Beristain wrote...
Samsung's new digital camera uses Alcoa's ColorKast Die Cast Technology
Alcoa AA 0.00% today announced the first commercial success of its ColorKast(TM) technology in the consumer electronics market. As a result of this innovative technology, Alcoa can produce color anodizable aluminum die cast components with high-end cosmetics. The first use of the ColorKast(TM)...
