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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Alcoa Holds Refinery Expansion on Economic Ground
Alcoa Inc. (AA)’s plan to expand an alumina refinery in Western Australia remains on hold because of unfavorable economic conditions, the largest U.S. aluminum producer said after gaining approval to increase capacity. Alcoa received a five-year extension of an approval for the expansion of the...
Alcoa Inc. obtains five-year extension for its Wagerup alumina refinery expansion from West Australian government
The Western Australian state government said Wednesday it has granted the Australian unit of Alcoa Inc. (AA) a five-year extension for its proposed Wagerup alumina refinery expansion. The approval, by Environment Minister Bill Marmion, follows the Environmental Protection Authority's recommendation...
Workers Union in Point Henry aluminium smelter optimistic about its future
A union representing 600 workers at the troubled Point Henry Alcoa aluminium smelter is optimistic the plant can be saved after meeting with US executives reviewing its future. Australian Workers Union Victorian secretary Cesar Melhem and a delegate from the plant, near Geelong, met executives at...
Alcoa Says $3 Billion Brazil Investment Gave No Return
Alcoa Inc. (AA) , the largest U.S. aluminum producer, said returns on $3 billion of investments in Brazil “have not yet come” because of “unbelievably high” energy costs. “We’ve invested $3 billion there and frankly the returns have not yet come,” Alcoa Chief Executive Officer Klaus Kleinfeld said...
Alcoa promotes extended producer responsibility (EPR), or product stewardship
By holding manufacturers responsible for products at the end of their lifecycle, extended producer responsibility (EPR), or product stewardship, has long helped European countries with their waste diversion efforts. The concept has also caught on in Canada, Latin America and Asia, but until...
Alcoa Announces quarterly Dividend
The Board of Directors of Alcoa AA -1.54% declared (a) a quarterly common stock dividend of 3 cents per share payable May 25, 2012 to shareholders of record at the close of business on May 14, 2012 and (b) a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock...
Analyst's Research on Alcoa Inc. and Century Aluminum Co. shows uncertain Future for Aluminum
www.stockcall.com/ offers investors comprehensive research on the Aluminum industry and has completed analytical research on Alcoa Inc. AA -1.54% and Century Aluminum Co. CENX -2.80%. A cloudy Chinese economic forecast in combination with weakness in Europe and slow industrial growth in the U.S. is...
Alcoa wins $12 million Cancer Lawsuit by miner
A jury has sided with aluminum producer Alcoa in a $12 million lawsuit filed by a former miner who blamed an aggressive cancer on hazardous substances the company dumped at a southwestern Indiana mine. The Vanderburgh County jury reached the verdict Tuesday after a more than two-week trial on Bil...
Point Henry smelter's fate hangs on the Australian dollar price
ALCOA'S partner in the troubled Point Henry smelter in Geelong, Alumina, has pinpointed the future direction of the Australian dollar as the key factor in determining the fate of the 49-year-old operation once Alcoa completes its review of the smelter's long-term viability next month. More than 600...
Alcoa Develops Aluminum Building-Exterior Panels that Sucks in Airborne Pollutants
Pittsburgh-based aluminum giant Alcoa has developed a new coating for its aluminum building panels that passively sucks in airborne pollutants and transforms them into harmless substances. Appropriately enough, the new panels are getting one of their first commercial tryouts at a new regional...
Alumina to Decide the Future of its Smelter at Point Henry upon its Long-Term Prospects
Bauxite miner and alumina and aluminium producer Alumina says the future of its loss-making aluminium smelter at Point Henry will depend upon its long-term prospects. Alcoa, which is the manager of Alumina and Alcoa's joint-venture company Alcoa World Alumina and Chemicals (AWAC), is currently...
Rusal is Still Considering Shutting Smelters as Aluminum Falls
United Co. Rusal (486), the world’s largest aluminum producer, is still looking at the possibility of closing smelters as prices decline. “Decisions have not been made yet,” Vladislav Soloviev, Rusal’s first deputy chief executive officer, said today in the southern Chinese city of Shenzhen. “We’re...
Noranda Aluminum is Among the Companies in the Aluminum Industry With the Lowest Forward P/E Ratio (NOR, CENX, AWC, AA, KALU)
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...
Alcoa lifts European flat rolled product prices
U.S. aluminum producer Alcoa Inc has raised prices for some rolled products at its European operations in Köfém, Hungary; Fusina, Italy; and Amorebieta, Spain, citing higher materials costs and increased demand. The price increase takes effect immediately and is related to changing market...
Suriname bauxite company announces layoffs
PARAMARIBO – Minister Jim Hok of Natural Resources (NH) is concerned about the layoffs announced by Suralco. “This is not only bad news for employment,” the minister says. The reason for the layoffs is the declining demand for aluminum. “It shows once again that the bauxite industry is near death,”...
RUSAL to decide on cuts after Russia sets tariffs
UC RUSAL , the world's largest producer of aluminium, will decide on the scale of planned capacity cuts once Russia details tariff increases delayed by the country's elections, Chief Executive Oleg Deripaska said on Friday. Aluminium producers have been badly hit by soaring power and other costs,...
Alcoa raises some aluminum aerospace product prices
U.S. aluminum producer Alcoa Inc increased prices for some aerospace plate products by 5 percent, due to higher materials costs and increased demand. In a recent note to customers, Alcoa said the price hike takes effect immediately for 2xxx and 7xxx heat treated plate produced by its Global...
Alcoa provides Aluminum Amah tips to Austal USA
Alcoa Inc (NYSE:AA) has announced that it has delivered a set of two “ready for installation” aluminum Amah tips to Austal USA for use on the future Littoral Combat Ship USS Jackson (LCS 6). An Amah tip is the leading edge of the all-aluminum, trimaran-type vessel’s outrigger, or amah, and is more...
