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 to expand production of alloy for aircraft
Alcoa will build a new plant in Indiana and expand two other facilities to increase production of aluminum-lithium alloys to meet rising demand from the aerospace industry. The aluminum company, which operates out of Pittsburgh, has begun work on a 115,000-square-foot plant near its current...
Alcoa Gains 5-Year Extension To Start Wagerup Alumina Expansion
The Australian unit of Alcoa Inc. (AA) on Monday received approval from regulators in Western Australia state for a five year deferral of the proposed multibillion dollar expansion of the Wagerup alumina refinery. The state's Environmental Protection Authority recommended that the time limit for...
No blank cheque for Alcoa: Wayne Swan
TREASURER Wayne Swan says the Gillard government won't be writing a "blank cheque" to bail out the aluminium industry. With Alcoa to review the future of its Geelong aluminium smelter, Mr Swan said the government was talking to the aluminium industry about the challenges it faced. “We're talking to...
Alcoa WA operations not at risk: Analyst
A resource analyst says it is unlikely there will be any flow-on effect on Western Australian alumina refineries from Alcoa's struggling Point Henry smelter in Geelong. About 600 Victorian manufacturing jobs are in jeopardy as Alcoa considers shutting the unprofitable smelter. Peter Chilton of...
Uncertain times for south west Victorian aluminium workers
Alcoa's announcement to undertake a comprehensive review of its Point Henry aluminium smelter has sparked fears for hundreds of jobs and the future of the industry. It's an anxious time for aluminium workers. Alcoa announced it is undertaking a review of its Geelong smelter, which could include...
Carbon tax to add to Alcoa uncertainty caused by high dollar, higher input costs
ALCOA says a carbon tax will make life harder for the company as it reviews the future of its Victorian smelter and the jobs of up to 600 workers. However Alcoa Australia managing director Alan Cransberg said today the looming tax was not the reason for the review, as Tony Abbott sought to link a...
Highest Forward Earnings Yield in the Aluminum Industry Detected in Shares of Noranda Aluminum
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...
Resources boom slows to a simmer as China starts raising the heat
BHP Billiton's $US9.9 billion December-half profit and Alcoa's announcement yesterday that it is reviewing the future of the Point Henry aluminium smelter in Geelong both point to a change in the resource boom. It has slowed from a fast boil to something more like a simmer, and there are...
Federal Government will support Alcoa, MP Richard Marles
THE Federal Government "will leave no stone unturned" to secure the future of Alcoa's aluminium smelter near Geelong, the local member says. Alcoa says it will examine the viability of its aluminum smelter at Point Henry in Geelong, which employs 600 people, because low metal prices, a high...
Geelong aluminium smelter under cloud
ALCOA'S 600 workers a Geelong aluminium smelter face an uncertain future with a new review of the plant. Alcoa said today it would review the viability of its Point Henry aluminium smelter because higher metal prices, input costs and exchange rates had made it unprofitable. "Our goal is for Point...
Portland aluminium smelter's future safe for now
PORTLAND'S aluminium smelter has escaped the knife for now as international giant Alcoa today announced it was considering curtailing its Point Henry operation near Geelong. Alcoa's Australian managing director Alan Cransberg said Point Henry had become unprofitable and production may be cut back...
Aussie Aluminum Heading for Scrap Heap
Low metals prices, high costs and the strong Australian dollar are doing to the country's aluminum-smelting industry what a frat boy does to his empty beer can: crushing it. Australia is the world's fourth-largest producer of refined aluminum and the third-largest exporter, according to Deutsche...
Aluminum Preferred Over Copper for Cables Helps Rusal, Alcoa: Commodities
Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables and wires, a United Co. Rusal executive said. Demand for copper is shrinking by about 400,000 tons a year through substitution,...
Alcoa May Cut Australian Aluminum Smelter Output After Review
Alcoa of Australia Ltd., jointly owned by Alcoa Inc. and Alumina Ltd., may cut production at its Point Henry aluminum smelter in the state of Victoria as global economic conditions “severely” hurt the industry. A review of the smelter’s future will be completed by the end of June, the unit of the...
Alcoa reviewing future of Australian aluminium smelter
Alcoa said the aluminium industry had been severely impacted by difficult macro economic conditions, with the higher Australian dollar placing increasing pressure on the market. "A combination of factors, including metal prices, input costs and exchange rates, have resulted in the Point Henry...
UC RUSAL's Chinese mistake
UC RUSAL's general director, Oleg Deripaska, has announced a reduction in the manufacture of primary aluminum. The company intends to close some of its production plants in Russia. It is likely that electrolytic production at Bogoslov Aluminum Plant (BAP) will be shut down, as the equipment there...
Aleris Names Ingrid Jörg Senior Vice President & General Manager, Global Markets
Aleris named Ingrid Elisabeth Jorg senior vice president and general manager, Global Markets, effective February 1, 2012. Jörg will lead the company's aerospace and defense, automotive and heat exchanger businesses. Prior to joining Aleris, Jorg held increasingly responsible positions with Alcoa...
Maaden Alcoa refinery work gathers pace
The Maaden Alcoa aluminum joint venture announced that it had poured the first concrete in the construction of the region's first alumina refinery at the fully integrated aluminum complex at Ras Al-Khair. Once complete, the refinery will initially produce 1.8 million metric tons of smelter-grade...
