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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UK court adjourns Bahrain alumina Bribery case
A British court adjourned a case involving metals magnate Victor Dahdaleh and former Aluminium Bahrain (Alba) chief executive Bruce Hall, who appeared on Monday to face corruption charges linked to the supply of alumina to Bahrain. Jordan-born Dahdaleh, a former donor to Britain's Labour party and...
Recent Stock market Outlook is Not Bright for Aluminum Producers
This past week stock market and commodity bulls alike pointed to a solid earnings report from the world's second-largest aluminum producerAlcoa as proof that the global economy is continuing to strengthen. Alcoa reported that its net income dropped 69 percent and revenues were flat at $6 billion as...
Kaiser Aluminum shows the highest forward (P/E) ratio among aluminium companies
Below are the three companies in the Aluminum industry with the highest 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...
Alumina Limited to receive $26M dividend
Alumina Limited (ASX:AWC) will gain a fully-franked dividend of $US26 million from its interest in the Alcoa World Alumina & Chemicals joint venture. Alumina holds a 40 per cent interest in the venture, with the remaining 60 per cent interest held by Alcoa (ASX:AAI). Alcoa Incorporated (NYSE:AA),...
Alcoa starts earnings season with surprise profit
The News reported that aluminum giant Alcoa swung into profit in the Q1 as it slashed production to cope with a softer global economy and high commodity prices. After the stock market closed, Alcoa the first member of the blue chip Dow Jones Industrial Average to report earnings this year, reported...
Alcoa brought some much-needed good news to the Aluminium market
Alcoa brought some much-needed good news to the market when it reported a surprise profit in the first quarter as productivity improved while higher aluminum prices and better product mix translated into solid earnings. Both revenues and profits were up on a sequential basis while earnings declined...
Alcoa scales down aluminium deficit estimate for 2012
Alcoa Inc.’s March quarter results provide clues to the performance of Indian aluminium firms in the quarter and the outlook in the forthcoming quarters. The company benefited from better aluminium realizations, which were up by 2.5% sequentially, but alumina’s realizations were down 8.5%. Alumina...
Alcoa’s Western Australia smelters achieve record production
Alcoa says two of its alumina refineries in Western Australia have achieved record production and remain among its lowest-cost plants globally. Alcoa, which is closing and curtailing smelter capacity across its global operations in response to weak market conditions, has singled out Wagerup and...
17th World Aluminium Conference takes place from 30th April to 2nd May 2012 in Abu Dhabi
Keynote presentation looking at "the key strategic threats for aluminium producers" with Saeed Fadhel Al Mazrooei, President and CEO, EMAL, Jacynthe Côté, CEO, Rio Tinto Alcan, Abdulla J.M. Kalban, President and CEO, DUBAL, Phil Martens, President and CEO, Novelis Inc, Chris Ayers, EVP and...
Alcoa reports an unexpected first-quarter profit, closes smelters
Alcoa, the largest US aluminium producer, reported an unexpected first-quarter profit after orders rose and it closed higher-cost smelting capacity. The shares advanced in German trading. Net income fell to $94 million (Dh345.2 million), or nine cents a share, from $308 million, or 27 cents, a year...
China isn't likely to slow down aluminum production- Alcoa chief says
Demand for aluminum in China is growing heavily and the country isn't likely to slow down production, Alcoa Inc.'s (AA) chief executive told Fox Business Network on Wednesday. Klaus Kleinfeld said that despite having to import most of its bauxite and the high cost of energy to produce aluminum,...
Alcoa Inc. reports its first quarter earnings and conference call details
Alcoa Inc. (NYSE:AA) reported its first quarter earnings and discussed the following topics in its earnings conference call. Take a look. Portfolio Changes Michael Gambardella – JPMorgan: I have a question. Klaus, you’ve mentioned the word ‘portfolio’ when you were talking about your businesses,...
Alcoa's surprise profit is good news for Alumina holders
BELIEVE it or not, there's a silver (actually, aluminium) lining to Wall Street's 1.5 per cent nervy turn overnight and it comes from this year's second worst-performing main metal (behind only nickel). Kicking off the US quarterly earnings season, Pittsburgh plodder Alcoa reported earnings of...
London Metal Exchange aluminum expects to hover between USD 2,080 to 2,120/mt today
LME aluminum climbed USD 26.5/mt or 1.28% to USD 2,098/mt on Wednesday, with an unexpected report of profits and higher-than-expected revenue by Alcoa and dropping yields of Spanish and Italian 10-year debt. Total positions plunged by 18,599 lots as shorts moved to the sidelines. Strong resistance...
Aluminum maker Alcoa reports surprise 1Q profit on higher revenue; could boost slumping stocks
Alcoa may have given a slumping Wall Street just what it needed: a surprise profit. The largest U.S. aluminum manufacturer said Tuesday that it earned 9 cents share in the first quarter. It surpassed analyst forecasts for a small loss by selling more aluminum to a wide range of customers, including...
Alcoa Squeezed by Lower Prices
Alcoa Inc. AA -2.92% reported that first-quarter earnings fell 69% as the company was squeezed by lower aluminum prices and higher costs for energy. The company said it would contend with sluggish aluminum prices by cutting costs, limiting production and relying more on high-margin end products...
Alcoa offers little hope for Geelong smelter despite return to profit
ALCOA left the future of 600 jobs at its Point Henry aluminium smelter in Geelong hanging despite reporting a surprise first-quarter profit in the face of depressed metal prices. Addressing analysts in the US for the group's March quarter profit report, Alcoa chairman and chief executive Klaus...
ALUMINIUM SLUMPED TO 3-MONTH LOWS AT MCX
MCX Aluminium plunged to 3-month lows by 0.9% or Rs 0.95 to Rs 106.15 per kg with its high at Rs 107.55 per kg and low at Rs 106.05 per kg on Tuesday, 10th April. Aluminium was interpreting a downtrend since March 2012 and further slumped to its 3 month lows amidst the huge short selling in the...
