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...
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce...
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Alcoa, the Pittsburgh-based aluminium giant, is preparing to absorb up to USD 90 million costs this quarter (Q2) as a result of tariff impact. Yes, you read that correctly! Despite being a US-headquartered aluminium manufacturer, the company is preparing for the financial hit from these tariffs....
Alcoa Corporation delivered a robust financial performance in the first quarter of 2025, marking a sharp turnaround from the prior year and a solid improvement over the previous quarter. Net income more than doubled sequentially, driven by higher aluminium prices, effective cost management, and...
The long-awaited joint venture between Alcoa Corporation and IGNIS Equity Holdings, SL (IGNIS EQT) has officially been established to ensure the continued operation of Alcoa’s San Ciprián complex. Initially announced in October of the previous year, the joint venture has come to fruition as of...
On March 25, Alcoa Corporation received an order to pay a fine of $400,000 plus an additional $5,536 from the Rockingham Magistrates Court as a verdict of an incident at its Kwinana refinery in September 2022. The incident involved a caustic chemical spill that resulted in burns to both workers of...
Alcoa's job loss prediction in late February 2025 has come true, as evidenced by hundreds of job cuts in Canada due to US tariffs targeting aluminium and steel. Companies operating in Canada's aluminium and steel sectors have already started reporting significant impacts of tariffs, including job...
This week has been highly eventful for the upstream aluminium industry, especially the primary aluminium sector, which has dominated the headlines. The industry is going through a rough time with news of sanctions and tariffs hitting the market. To begin with, the voice of the entire aluminium...
The Western Australian government faces mounting pressure to defend its commitment to safeguarding Perth's drinking water following a fresh set of revelations about potential contamination risks linked to Alcoa's mining operations on the city's outskirts. Picture for representational purposes only...
Futures Market: During the night session, the most-traded alumina 2505 futures contract opened at RMB 3,347 per tonne, reached a high of RMB 3,385 per tonne, a low of RMB 3,320 per tonne, and closed at RMB 3,366 per tonne, up RMB 19 per tonne or 0.58 per cent, with an open interest of 170,000 lots....
Alcoa, a global aluminium production entity with major smelters in Canada, Australia, and Iceland, among other locations, has expressed concerning statements that over 100,000 employment losses can be anticipated owing to the proposed implementation of US aluminium and steel tariffs of flat 25 per...
In a recent development, President Donald Trump announced a one-month suspension of 25 per cent tariffs on Canadian and Mexican aluminium imports just days after announcing their imposition. The temporary pause, which extends until March 1, 2025, signals potential renegotiations over trade concerns...
All eyes have been on the primary aluminium industry ever since Donald Trump directed his administration to impose tariffs on Canada, Mexico, and China. Where will the United States source its downstream aluminium raw materials, and where will Canada redirect its primary metal? Trump's tariff...
Here's an update about the share purchase and subscription agreement signed between Alcoa and Ma'aden on September 15, 2024. On February 4, 2025, the General Authority of Competition (GAC) approved Ma'aden to acquire Alcoa's 25.1 per cent ownership in Ma'aden Aluminium Company (MAC) and Ma'aden...
Alcoa Corporation has reportedly announced the fourth and full-year results of 2024, demonstrating a strong financial performance led by increased operations and high alumina and aluminium prices. Image source: Alcoa Fiscal performance In the fourth quarter, Alcoa's Q4 revenue was US$3,486 million,...
Alcoa is set to invest US$163 million (AU$260 million) in a now-mandatory water management system at its caustic red mud storage site in Kwinana, as savings from the shutdown of its 60-year-old alumina refinery have been slower than anticipated. The closure, announced in January 2024, was initially...
Donald Trump's tariff threat following his second presidential term inauguration on January 20 has already sparked speculation among aluminium industry leaders from both the domestic and international markets, prompting them to make strategic decisions regarding overseas trade. For instance, Alcoa,...
Alcoa Inespal SL, a subsidiary of Alcoa Corporation, has reportedly entered into a strategic agreement with IGNIS Equity Holdings, SL, the majority shareholder in the IGNIS Group, the Spanish National Government, and the Xunta de Galicia, to continue to support San Ciprián smelter's operations. All...
Alcoa's (NYSE: AA) share value has dropped nearly 60 per cent since March 2022, which was its all-time peak. During the same period, the S&P 500 index has increased by 33 per cent, yet this has not been enough to offset Alcoa's incredibly sharp decline compared to its peers. For instance, Century...
Through the first eleven months of 2024, the world’s metallurgical-grade alumina production stood at 125.66 million tonnes, reflecting a year-on-year increase of 1.91 per cent from 123.304 million tonnes, according to the latest data revealed by the International Aluminium Institute (IAI)....
