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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Largest ship with Alcoa aluminum is christened
Alcoa Defense has congratulated Austal USA on the christening of the Coronado, an all-aluminum combat ship that will feature aluminum supplied by Alcoa Davenport Works. Inaugurated last month in Mobile, Ala., the Coronado is the second Independence-variant Littoral Combat Ship, or LCS, to be built....
Fitch Affirms Clarendon Alumina Production's FC & LC IDRs at 'B-'; Outlook Stable
Fitch Ratings has affirmed Clarendon Alumina Production Limited's (CAP) foreign and local currency Issuer Default Ratings (IDRs) at 'B-'. The Rating Outlook is Stable. Fitch has also affirmed CAP's USD200 million 8.5% unsecured notes due November 2021 at 'B-/RR4'. The notes continue to be supported...
Alcoa Shines Bright at Super Bowl XLVI
Alcoa AA +2.16% will be at Super Bowl XLVI this Sunday in Indianapolis, Ind., in more ways than one. The award-winning Lucas Oil Stadium, host site of the Super Bowl football game, features several products made by Alcoa's Kawneer architectural aluminum products business. Alcoa Foundation is also...
UC RUSAL may cut aluminum output in next 18 months
Reuters cited Mr Oleg Deripaska CEO of UC RUSAL as saying that Russia's UC RUSAL could cut output by 6% in the next 18 months. It may be up to 6% which we expect may happen in the next 18 months. The company which accounts for about 10% of primary global aluminum output said last week that it had...
Alcoa Foundation President Paula Davis Elected Vice President of Alcoa
Alcoa AA +0.39% announced today that the Alcoa Board of Directors has elected Paula Davis a vice president of the company. Davis has been President of the Alcoa Foundation since 2010. Founded more than 50 years ago, Alcoa Foundation is one of the largest corporate foundations in the United States,...
China takes shine off the aluminium story
Patricia Mohr, who heads commodities research at Canada's Scotiabank, puts it more circumspectly, but she is convinced the world's most populous country can be struck off future marketing plans of Western aluminium producers. In her latest monthly outlook, Mohr describes as "extraordinary" the fact...
Aluminium prices could reach $2,500 by END Q2- Rusal
Aluminium prices are expected to rise up to 10 percent from current values by the end of the second quarter, as output cuts take effect, a senior executive at Rusal, the world's largest producer of the metal, said on Wednesday. Prices could rise up to $2,400-$2,500 per tonne, Rusal executive Oleg...
Aluminum Surplus May Plunge to Lowest in 5 Years, Sumitomo Says
A global aluminum surplus may shrink to the lowest level since 2007 as major producers cut output amid soaring energy costs and sluggish demand, said Japan’s third-largest trading house. Supply will exceed demand by 941,000 metric tons this year, down 42 percent from 1.61 million tons in 2011, said...
Alcoa eyes growth in 2012
Alcoa (AA 0.00%) is a business that is highly susceptible to global economic conditions. Decline in aluminum demand led to a fall in spot prices in the fourth quarter of 2011. Consequently, the market has been quite harsh on the company's stock, pushing it down into single digits. We have taken...
Alcoa bids to increase hydrogen chloride emissions limit
ALCOA, which operates Australia’s largest aluminium recycling plant at Yennora, says it is not planning to increase hydrogen chloride emissions, only its emissions limit. It is presently limited to releasing an average of 50mg/cm of the gas each hour from its rotary furnace - a limit imposed by the...
Alcoa asks federal judge to dismiss bribery suit
Alcoa Inc asked a federal judge in Pittsburgh to dismiss a bribery lawsuit filed against the company by an aluminum maker controlled by the Bahrain government. Aluminum Bahrain BSC claims New York based Alcoa reaped more than USD 400 million in illegal profits by overcharging it for alumina used to...
Smelters close as aluminium price melts
Aluminium smelters are being closed across the globe. And there is the prospect of more to come from the industry's majors as well as its minors. Intended or not, the closures have helped reverse the metal's price decline of the past year. How many more closures might be needed to turn the price is...
UPDATE 1-RUSAL may cut aluminium output in next 18 months
Russia's UC RUSAL , the world's largest aluminium producer, said it could cut output by 6 percent in the next 18 months, confirming comments by its chief executive reported in the media on Friday. "It may be up to 6 percent, which we expect may happen in the next 18 months," Chief Executive Oleg...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
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...
Glencore considering Portovesme acquisition?
Glencore International Plc has confirmed its intention to assess the possible industrial and market prospects of Alcoa’s plant in Italy, the country's industry ministry said. Reuters reports Italy is looking for new investors to take over an the Portovesme aluminium smelter in Sardinia, which the...
Alcoa and Waste Management Recycle America Join Coalition for American Electronics Recycling
The Coalition for American Electronics Recycling (CAER) announced today that Alcoa, the world’s leading aluminum producer, and Waste Management Recycle America, North America’s leading provider of integrated environmental solutions, have joined the alliance. CAER represents U.S. companies that...
