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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Aluminum Giant Alcoa Finds New Markets In Green Tech Economy
It may not be the plastics of the 21st century, but aluminum demand is growing along with the need for lighter, more fuel efficient cars, lightweight laptops and tablets like the iPad I’m writing this post on as well as futuristic products such as self-cleaning, smog-eating building panels. Which...
Alumina shares have the Lowest Forward P/E Ratio in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to...
Century Aluminum has the Lowest Forward Earnings Yield in aluminium industry
Below are the three companies in the Aluminum industry with the lowest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher...
Industry Minister rejects NSW call to save Hunter smelter in Australia
Federal Industry Minister Greg Combet has rejected a call from NSW for the commonwealth to bail out a Hunter aluminium smelter. The federal government is reportedly set to announce a $42 million rescue package for Alcoa's Point Henry aluminium smelter operations near Geelong in Victoria to help...
Point Henry smelter offered a $42 million lifeline by the Gillard government
The Point Henry aluminium smelter has been offered a $42 million lifeline by the Gillard government which, if accepted, would guarantee the future of the Geelong plant for the next two years and save hundreds of manufacturing jobs on the eve of the introduction of the carbon tax. Under the terms of...
Tony Abbott criticises the bailout of Point Henry smelter as 'hush money'
Tony Abbott labelled the expected $42 million bailout of aluminium giant Alcoa's Port Henry smelter "hush money" yesterday as Julia Gillard accused him of a misleading campaign to demonise the carbon tax, which comes into effect on Sunday. The Opposition Leader seized on reports that the government...
Alcoa stocks down by 50%
Alcoa Inc.'s aggressive focus on restructuring and cost-cutting strategies, expected productivity gains, diverse product mix, and cheap valuations are attractive enough for a long position in its stock. The stock is down 50% from its 52-week highs. However, some potential risks to our...
Hundreds celebrate 60th anniversary of Alcoa’s Wenatchee smelter
Hundreds of people took a lengthy stroll through Alcoa’s Wenatchee Works smelter Saturday to see the inner workings of one of North Central Washington’s largest employers. They dipped their hands in alumina — the white liquid-looking raw material used to make aluminum — and was surprised when their...
Alcoa Opens new Aluminium Pot Repair Facility
On Saturday 9th June 2012 Alcoa Fjardaal formally commissioned its new Pot Repair Facility. Oddny G. Hardardottir, Finance Minister and acting Industry Minister, and Jenne Sigurdsson, CEO of Alcoa Fjardaal, officially opened the facility in the presence of town councillors from the region....
The future of Point Henry aluminium smelter and its 600 workers to be decided soon
Some 600 Victorian Alcoa workers will soon learn if they still have jobs, with the federal government saying it expects to finish talks soon with the company about the future of its Point Henry aluminium smelter. Federal Industry and Innovation Minister Greg Combet said the government wanted to...
Alcoa CEO optimistic about Aluminum Market despite falling price
Europe is a "big question mark" for commodity markets but at the same time demand for aluminum is strong, Klaus Kleinfeld Alcoa Chairman and Chief Executive Officer, told CNBC on Friday at the Saint Petersburg International Economic Forum. Aluminum prices have fallen more than $100 to below $1,900...
UBS cuts BHP and Rio's Profit by 4%
UBS AG downgraded BHP Billiton Ltd. (BHP) and Rio Tinto Ltd. (RIO)’s earnings estimates by 4 percent due to Australia’s mining and carbon taxes. BHP will pay $715 million in mining tax and A$300 million ($302 million) in carbon tax in the year ending June 30, 2013, UBS analyst Glyn Lawcock said in...
U.S. prosecutors agree to pretrial gathering of evidence in Alcoa bribery lawsuit
U.S. prosecutors dropped objections to the pretrial gathering of evidence in a lawsuit by Bahrain’s state-owned aluminum producer, which claims it overpaid for raw materials because of bribes directed by Alcoa Inc. (AA) Aluminium Bahrain BSC, known as Alba, claims that New York- based Alcoa bribed...
Alcoa's fortune drops with the dropping aluminum price
Alcoa Inc. makes aluminum, so when aluminum prices drop, so do its fortunes. Goldman Sachs cut its earnings estimate for Alcoa through 2014 because of lower aluminum prices. Alcoa's share price fell more than 4 percent Thursday. Analyst Sal Tharani wrote late Wednesday that aluminum inventory...
Aluminum Bahrain-Alcoa lawsuit can proceed
A U.S. Justice Department attorney has told a federal judge in Pittsburgh that a Middle Eastern firm can proceed with a bribery lawsuit against Alcoa Inc. without harming a related federal criminal investigation. The Justice Department had previously asked the judge to suspend the pretrial exchange...
Shareholder's lawsuit over Alba alumina scandal "lacks merit": Alcoa
Alcoa Inc. says a South Carolina shareholder's lawsuit claiming the company didn't properly investigate allegations of a multibillion dollar bribery scheme "lacks merit." A Middle Eastern firm, Aluminum Bahrain BSC, contends companies affiliated with Alcoa Inc. paid $9.5 million in bribes plus...
Alcoa suffers legal setback over Varanus blast case
Aluminum giant Alcoa has suffered a setback in its $158 million damages claim against Apache Energy over the 2008 Varanus Island gas explosion, after a judge threw out part of its legal argument. West Australian Supreme Court judge Rene Le Miere yesterday handed down a pre-trial decision in the...
Shareholder sues Alcoa over bribery lawsuit
Alcoa is tangled in another legal hassle when a South Carolina woman claims in lawsuit filed Tuesday in federal court in Pittsburgh that 14 current or former Alcoa Inc. board members ignored her request that the company investigate and take action to limit the company’s liability in an...
