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 forming public advisory board as part of Reynolds site cleanup
The owner of Longview's former Reynolds Metals Co. aluminum making site is assembling an advisory board of community leaders to stay abreast of the company's efforts to clean up industrial contamination. Alcoa owns the land at the 416-acre site and leases the buildings to Millennium Bulk Terminals,...
Alumina Limited Shares Downgraded to “Hold” by RBS Analysts (AWC)
Alumina Limited (NYSE: AWC) was downgraded by equities research analysts at RBS (LON: RBS) from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining...
Gulf aluminium industry: Bright future
A fully-integrated aluminium industrial complex being built as a JV between Alcoa and Saudi Arabian Mining Co. (Ma’aden) alone involves a capital investment of about $10.5bn. More foreign investors are looking to the Gulf for aluminium business due to its inexpensive gas stocks and strategic...
Alcoa Australia threatens to axe Geelong smelter
Alcoa Australia, a subsidiary of the US-based multinational Alcoa, announced on February 8 that it would complete a review by June of the “future viability” of its Point Henry aluminium smelter in the regional Victorian city of Geelong. Working in conjunction with the federal Labor government of...
Alcoa Adds 7 Cents to Some Coil, Flat Product Prices
Alcoa Inc said late Thursday that it sent a note to its global aerospace, ground transportation and industrial customers announcing it will raise prices on some of its coil and flat products on Feb. 20. "Alcoa Global Aerospace, Ground Transportation, and Industrial & Specialty Products is...
Alcoa Celebrates the Redesign of Iconic Forging Press in Cleveland
Alcoa announced today the completion and restart of its redesigned 50,000-ton forging press at the company’s Cleveland Works. A $100 million dollar investment that Alcoa announced in 2009, the new press strengthens Alcoa’s position as the preeminent supplier of large aluminum, titanium, nickel and...
Short-term aid won't save plant: Alumina
ALCOA'S partner in the troubled Point Henry aluminium smelter at Geelong, Melbourne-based Alumina, has warned that short-term government support alone will not save the operation and its 600 jobs. The warning highlights the structural pressures of a strong dollar and the rise of a low-cost...
Century Aluminum has the Highest Forward P/E Ratio in the Aluminum Industry (CENX, KALU, NOR, AWC, AA)
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...
Alcoa May Hit $15, Century A 'Sell'
Analysts are currently bearish about Alcoa (AA) and Century Aluminum (CENX) given uncertainty in the industrial economy. Based on my review of the fundamentals and multiples, I find significant risk for both companies but attractive upside for Alcoa. From a multiples perspective, Alcoa and Century...
Ex-Aluminium Bahrain Executive Charged by U.K. With Corruption
U.K. prosecutors charged Bruce Allan Hall with corruption and money laundering tied to his time as an executive at Aluminium Bahrain B.S.C., a smelting company in Bahrain. An Australian national, Hall was released on conditional bail and must appear at a London criminal court next month, the...
Alcoa defers $3bn refinery plan over carbon tax fears
MINING giant Alcoa has shelved a $3 billion expansion of its Wagerup alumina refinery in Western Australia for up to five years, in the latest sign of the group's struggle against the strong Australian dollar and the Gillard government's carbon tax. The state's Environmental Protection Authority...
Industry call to scrap state pollution target
BUSINESSES including embattled aluminium giant Alcoa are pushing Ted Baillieu to scrap Victoria's pollution reduction target, saying it could undermine the federal carbon scheme and lead to higher costs. Less than two years after the former Brumby government introduced a statewide target to cut...
Newest Defense Alloys from Alcoa Shows Enhanced Performance in Naval Ships
Kyle A. Crum, Technology Manager for Alcoa Defense, has presented a paper on the use of aluminum alloys in modern naval designs at the American Society of Naval Engineers (ASNE) show held in Arlington, Virginia. The paper describes that new aluminum alloys have the capability to offer enhanced...
Rusal Expects Global Demand to Slow in 2012 on Europe Crisis
United Co. Rusal (486), the world’s largest aluminum producer, expects global demand growth for the metal will slow this year as consumption in Europe remains flat, prompting producers to idle capacity. Global aluminum demand may gain 7 percent to 48.2 million metric tons this year, down from last...
Effort under way to redevelop shuttered Alcoa plant
In the mid-1800s, French emperor Napoleon III was known to provide gold or silver dinnerware for most guests at state banquets, but the emperor and his really important guests used the good stuff — aluminum dinnerware. Aluminum was a rare commodity then — more valuable than gold — and something...
Banks got help, so should Alcoa - union
The Australian Workers' Union (AWU) has appealed to the federal government to help support Alcoa's struggling aluminium plant in Victoria until the Australian dollar returns to more normal levels of exchange. The aluminium giant is reviewing the viability of the Point Henry smelter in Geelong in...
Aluminium losing battle against over supply
Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures. Rio Tinto (RIO.L) (RIO.AX) acknowledged a gloomy outlook for the sector this...
RUSAL sees global aluminium output down, China cuts
Top aluminium producer RUSAL Plc said on Monday that it expects more companies to cut aluminium output this year, with China accounting for about a third of global cuts, but still forecast that global output would top demand. A supply glut on the back of a deepening European debt crisis and global...
