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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Century Aluminum is Among the Companies in the Aluminum Industry With the Lowest Forward Earnings Yield (CENX, AWC, AA, KALU, NOR)
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...
China aluminium output increase undermines industry cutbacks: RBS
China's increase in aluminium output for February is threatening to undermine production cutbacks made elsewhere in the global industry, RBS said in a research note Friday. "Once again Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in...
Jamaica government seeking to divert shares in alumina company
The Jamaica government says it is still interested in divesting its shares in Clarendon Alumina Partners (CAP). Science, Technology, Energy and Mining Minister Phillip Paulwell said all options will be considered for the sale of the government’s 45 per cent stake in Jamalco, which it owns through...
Alcoa and Alumina look to negotiate slowdown in China
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products. Over the last month, the Global X Aluminum ETF has fallen roughly 7.36%. Five Star Equities examines the outlook for companies...
Project finance honor for Maaden-Alcoa project
The phase 2 financing of the Maaden-Alcoa joint aluminum project in Saudi Arabia has been awarded the Middle East Mining & Metals Deal of the Year 2011. Project Finance magazine, the flagship international infrastructure finance title of Euromoney Publications, also named Maaden as the Middle East...
Alcoa's Venture With Ma'aden: Long-Term Benefits In 2013
Ma'aden is a Saudi mining company that is 50% owned by the Saudi government. It was originally formed to facilitate and develop minerals in Saudi Arabia. Back in 2009 Alcoa (AA) and Ma'aden signed an agreement to build a $10 billion aluminum complex. This joint venture was situated to have the...
Alcoa expected to kick Q1 earnings season off with a whimper
Considering Alcoa Inc. is one of the first companies in Canada to report its earnings in any given quarter, there’s a certain elegant symmetry to making the aluminum producer subject of the first preview of the coming first quarter reports. Brian MacArthur, analyst with UBS Securities,...
Get exposed to global economic growth with aluminum
Emerging market investors should always keep an eye on the direction of securities in the aluminum sector. Equities such as Alcoa ( AA, quote ) and exchange-traded funds such as iPath DJ-UBS Aluminum TR Sub-Idx ETN ( JJU , quote ) may be well off their year highs - but they're on the rebound. Like...
Noranda Aluminum Holding Corporation Announces Secondary Offering of Common Stock by Apollo
Noranda Aluminum Holding Corporation (NYSE: NOR - News) (“Noranda”), a leading North American integrated producer of value-added primary aluminum products, announced today a public secondary offering of 10 million shares of common stock (the “Shares”) by certain investment funds affiliated with or...
Alcoa and Ma'aden Award Saudi Aluminum Contracts
Two contracts have been awarded for the expansion of the Alcoa and Ma'aden aluminum complex under construction at Ras Al Khair, Saudi Arabia. Texas-based Fluor won the engineering, procurement and construction contract. Germany's SMS Siemag will supply the mill and heat treatment line equipment....
Alcoa to Develop Enhanced Welding Techniques for the Navy
Alcoa, a manufacturer of primary aluminum, fabricated aluminum and alumina, has received a $2.1 million contract from the U.S. Navy to develop advanced welding technologies to decrease aluminum-intensive shipbuilding costs. A collaboration program has been developed by scientists at New Kensington,...
Signals Camouflage Flaw in Aluminum Market
The aluminum market is giving all the signals of robust health: Prices have surged since the start of the year, and market participants are indicating they want to take the metal out of warehouses in record amounts. But the signals camouflage a deeper flaw: Supply has gotten ahead of demand. Prices...
Alcoa expands aluminum capacity around globe
The expansion in progress at Alcoa Davenport Works is the company’s largest U.S. capital project currently, but it is just one of several projects launched by the aluminum manufacturer to increase it manufacturing capacity. Last week, Alcoa hosted a ceremonial groundbreaking of the $300 million...
REFILE-Alcoa courted by three suitors for Italian plant
Three potential investors want to assess data for an aluminium smelter in Italy which the U.S. group Alcoa has decided to close, paving the way to a sale of the plant, a senior Alcoa official said on Thursday. Alcoa said in January it would close its Portovesme smelter on the island of Sardinia,...
Alcoa aims for union deal to close Italy smelter
Alcoa aims to reach a deal with Italian labour unions this month March to clear the way for a planned shutdown of its aluminium smelter on the island of Sardinia by mid-year, the U.S. aluminium firm said on Friday. Its decision to close its Portovesme smelter, part of its efforts to cut global...
Alcoa’s Shipbuilding Techniques Expected to Save Costs
Aluminum producer Alcoa Inc. will see its advanced shipbuilding techniques paying off in an initial $2.1 million U.S. Navy contract. Alcoa has been working on improving defense uses of aluminum and alloys and, in a statement, said its involvement will "provide a critical advantage to the Navy,...
Alcan, Alcoa hike prices for aluminum cable, coil products
Alcan Cable (Atlanta, GA) issued a letter to its customers informing them that, due to rising commodity costs for metals, resins and transportation fuels, the company has increased list prices from 8% to 9% on the following aluminum cable products: -- Residential products: SER, MHFC and SEU --...
Alcoa and Ma'aden Begin Product Mix
Alcoa Inc. (NYSE:AA - News) and Ma’aden announced the commencement of work of product mix for their new aluminium complex, which is currently under construction at Ras Al Khair in Saudi Arabia. The new line will offer automotive heat-treated and non-heat-treated sheet, building and construction...
