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...
Grow with
AL Circle
Alcoa will reduce annual Alumina production capacity in atlantic region
Alumina Ltd : * Going forward, Alcoa world Alumina & chemicals will reduce annual Alumina production capacity in atlantic region by around 4% * Awac's production of Alumina for the first quarter was 4 million tonnes * Awac's results for Q1 continued to be impacted by lower aluminium and Alumina...
Alcoa Continues to Look for More Capacity Cuts-CEO
Alcoa Inc. continues to look for high-cost smelting and refining capacity for potential capacity cuts, a goal that chief executive Klaus Kleinfeld called a "strong commitment." Speaking to analysts on Tuesday's conference call after the aluminum giant released its first-quarter results, Chairman...
Alcoa Trims Its Aluminum Demand Outlook for China
Alcoa Inc. said on Tuesday it lowered by 1 percentage point its outlook for China's aluminum consumption growth in 2012, but kept its forecast for global demand growth at 7 percent. In 2011, global primary aluminum use grew by 10 percent. Alcoa now expects China's aluminum demand will grow by 11...
Alcoa Posts First-Quarter Profit
Aluminum producer Alcoa Inc on Tuesday reported a first-quarter profit after a loss in the fourth quarter of 2011 as a result of improved market conditions. Income from continuing operations in the first quarter was $94 million, or 9 cents per share, compared with a profit of $309 million, or 27...
UPDATE 1-Alcoa Ups 2012 Aerospace Demand Forecast
Alcoa Inc N> has raised its forecast for aerospace demand growth this year by 3 percentage points, Chief Executive Officer and Chairman Klaus Kleinfeld said in an interview on Tuesday. Speaking with CNBC, Kleinfeld also reiterated the U.S. aluminum producer's 2012 demand growth forecast for the...
Noranda Aluminum has the Highest Forward Earnings Yield in the Aluminum Industry (NOR, KALU, AA, AWC, CENX)
Below are the three companies in the Aluminum industry with the highest 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...
Alcoa trains to outlast its aluminium industry competitors
ALCOA is eager to dispel myths about why its quarterly reports mark the unofficial start of earnings season. No, it has nothing to do with its alphabetical order in the Dow Jones industrials - its ticker symbol is "AA" - or even its status as an economic bellwether. Alcoa's habit of publishing...
Aluminium buckles under weight of supply pressure
“I don’t like aluminium.” That may seem an unlikely statement from the world’s sixth-largest producer of the metal. But Marius Kloppers, chief executive of BHP Billiton, is putting his money where his mouth is. BHP will from now on run its aluminium division for cash, he announced in February. Mr...
Alcoa Announces Aluminum Cuts as Production Gains
Alcoa Inc. (AA) Chief Executive Officer Klaus Kleinfeld said in January China’s aluminum industry would cut 1.1 million metric tons of unprofitable capacity “pretty soon.” So far that prediction isn’t close to coming true. China’s aluminum industry, the world’s largest, saw output rise 18 percent...
Alcoa cuts alumina output as oversupply dents prices
Alcoa Inc (AA.N), the U.S. aluminum giant, plans to cut alumina production in the Atlantic region by 4 percent, becoming the first producer to take measures aimed at reducing oversupply that has lowered prices to around $300 per tonne. The move follows a slump in prices of alumina, an intermediate...
Rusal loses aluminum plant but competitors should not rejoice
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal -- the world's biggest aluminum producer -- but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina...
Alcoa CEO sees power shift toward Asia in global business
Klaus Kleinfeld, chairman and CEO of Pittsburgh, Pa.-based aluminum company Alcoa, spoke about global developments in business at a Wednesday master’s tea. Kleinfeld spoke to roughly 50 people in the Morse College master’s house about the ways in which business has shifted in response to several...
Alcoa argues in favor of tossing 4-year-old bribery lawsuit
Attorneys for Alcoa argued today that a lawsuit by a Bahraini company claiming that bribes secured lucrative contracts for aluminum should be thrown out of U.S. District Court because all of the alleged acts occurred overseas. Aluminum Bahrain BSC, called Alba, is pursuing a four-year-old lawsuit...
Future of Geelong smelter remains in doubt
THE future of Alumina loss-making aluminium smelter in Victoria remains uncertain as the company continues to contemplate its closure. Alumina's joint-venture partner, Alcoa, last month announced that their AWAC business could close Point Henry, near Geelong, one of its two Australian aluminium...
Fire damages aluminum furnace at Alcoa plant in NY
An explosion and fire at an Alcoa Inc. plant in northern New York has damaged an aluminum melting furnace but caused no injuries A spokeswoman for Pittsburgh-based Alcoa tells the Watertown Daily Times (http://bit.ly/GWmo2y ) that about 60 people were evacuated after the melter malfunctioned at...
China supply adds to aluminium glut
OUTPUT cuts by aluminium companies such as Alcoa, the third-biggest producer, amid tumbling prices will fail to end a world supply glut as their efforts are undone by record levels of Chinese smelting, Citigroup said. Average daily Chinese production is at record levels, while output in the rest of...
Alcoa agrees to postpone closing Italy smelter
Alcoa has agreed to keep its Italian smelter running past the planned closure date while it looks for new buyers, the U.S. aluminium company, the Italian Industry Ministry and labour unions said on Tuesday after hours of meetings. Alcoa had planned to close its Portovesme smelter on the island of...
Alcoa: Not Much Upside Without Increase In Aluminum Prices
The aluminum business has been in quite a rut as aluminum prices have fallen significantly from their 2011 highs. The recent announcement by China of prioritizing low inflation over growth hasn't helped either. The fact that the LME Aluminum Warehouse Stocks Level are at 5 year highs compounds the...
