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
ALUMINIUM-Major market developments in December
Aluminium prices fell in December as demand worries weighed, and while a handful of production cutback announcements have since lent the market a steadier tone, lacklustre demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting its global smelting...
Alcoa rejects Rome call to keep Italy plant running
U.S. aluminium giant Alcoa said on Friday it will push ahead with its plans to close a smelter in Italy, rejecting Rome's calls to keep operations on the island of Sardinia running as a battle around the struggling plant heated up. Alcoa said on Monday it planned to close its Portovesme smelter in...
Trade of the Week: Output cuts boost aluminium
Overcapacity in the aluminium industry and the decline in the price of the metal since its peak in 2008 prompted two major producers to announce cuts in jobs and output last week, and the prospect of further cutbacks across the sector bodes well for commodity investors hunting for upside. Since...
Alcoa Donates its Recycling “Tools” to Extreme Makeover Home Edition Team
KNOXVILLE, Tenn.--(BUSINESS WIRE)--When the television show Extreme Makeover-Home Edition came to Knoxville, Tennessee, to renovate a home this week, Alcoa Recycling picked up its tools and volunteered its services along with local construction contractors and laborers. Alcoa’s “tools” came in the...
Why aluminium firms are on fire despite Alcoa’s poor show
Even though the world’s largest aluminum maker, Alcoa, posted quarterly losses for the first time in two years, global markets welcomed the results and moved higher. Indian markets too followed suit and are trading in the green. For the fourth quarter the company posted a loss of $193 million or...
Aluminium prices set to rise
One of the world's top aluminium producers has forecast that prices will rebound later this year as suppliers cut output, mothballing some smelting plants because of the low price of aluminium, which will result in reduced global supply. Laurent Schmitt CEO of Aluminium Bahrain BSC, the second...
Aluminum Gains as Alcoa Sees Tighter Supply on Smelter-Cut Plan
Aluminum jumped to a five-week high in London after Alcoa Inc., the largest U.S. producer, forecast a global production deficit. Alcoa said yesterday that global demand will exceed supply this year by 600,000 metric tons. The New York-based company reported a fourth-quarter net loss of $191...
Aluminum prices to recover as producers cut output - Alba
Aluminium Bahrain BSC the second largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. Mr Laurent Schmitt CEO in a statement said that “Less competitive smelters will have to reduce their production capacity or even shut down in...
Billionaire businessman to appear in UK court charged in massive bribery case
Canadian-British billionaire Victor Dahdaleh has rubbed shoulders with royalty, palled around with senior politicians and run a successful business empire whose interests stretched from Switzerland to Singapore. But on Friday the 68-year-old tycoon is set to appear before a British court charged in...
Rusal Says Aluminum Smelters Can Run Profitably at $1,900 a Ton
United Co. Rusal (486), the world’s largest aluminum producer, said its smelters can turn a profit should prices fall to $1,900 a metric ton, while as much as 45 percent of Chinese capacity may already be running at a loss. “Our smelters can work with $1,900 a ton,” Vladislav Soloviev, first deputy...
Aluminum Producer Alcoa Gives a Lift to U.S. Equities
Wall Street railed today on projections from Aluminum Producer Alcoa that it sees increased demand for aluminum globally in 2012. The Dow rallied 94 points, the Nasdaq rallied 27 points and the S&P 500 rallied 13 points by midday in the U.S. session. Traders on OpenBook are primarily long on the...
Aluminium procurement costs set to rise
Staff in manufacturing purchasing jobs are likely to face higher bills for aluminium as one of the world's top producers forecasts prices to recover from last year's dip as suppliers cut output. Laurent Schmitt, chief executive officer of Aluminium Bahrain BSC, the second-largest producer of the...
China idles aluminum capacity as prices plunge
Chinese aluminum smelters plan to idle roughly one-third of their capacity - the most since 2009 - as energy costs rise and aluminum prices slump, Bloomberg reported. The country is expected to produce nearly 20 million metric tons of aluminum and reach a production capacity of 30 million tons by...
Caustic soda demand to fall on more aluminium cuts – US Alcoa
Global demand for caustic soda will drop because customers will likely cut alumina and aluminium production in the coming weeks, executives at US-based metal producer Alcoa said on Wednesday. The Alcoa executives are in Houston this week to ask caustic soda producers to give them some relief from...
Alcoa signals better times for aluminium producers in 2012
Alcoa Inc.’s results may at first alarm investors in aluminium firms. It reported a loss of $193 million (Rs. 1,007 crore today), the first since 2009, due to weaker demand, lower prices and rising costs. Restructuring costs contributed a large chunk, arising from the company’s decision to shut...
Resources sector leads the way as Australian shares recover
THE resources sector led a broad-based recovery in the Australian sharemarket yesterday, after China's Shanghai Composite continued to improve and Wall Street edged higher despite falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging year...
Alcoa's surprising optimism lifts Alumina
ALUMINA shares were boosted yesterday when US aluminium giant Alcoa gave a buoyant outlook for aluminium markets and confirmed it was not looking at closing any Australian smelters. In kicking off the US reporting season, Alcoa logged a fourth-quarter loss of $US191 million ($185m) -- its first...
Alcoa Inc. : Alcoa Plans to Curtail Smelters in Italy and Spain as part of Global Primary Restructuring
Alcoa (NYSE: AA) announced today that the Company intends to curtail operations at three European aluminum smelters as part of a previously announced restructuring in its Global Primary Products business. The restructuring will reduce the Company's global smelting capacity by 12 percent or 531,000...
