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...
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce...
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On December 17, 2024, Chevron, one of the world's leading integrated energy companies with a presence in Australia for over 70 years, Chevron Australia announced that it will supply aluminium producer Alcoa with 130 petajoules of natural gas over a 10-year period starting in 2028. Chevron...
According to the US Geological Survey data, the United States' primary aluminium production slightly rebounded in the third quarter, standing at 167,600 tonnes versus 167,000 tonnes in Q2. However, despite the sequential increase, the Q3 output volume was less than the Q2 production of 172,000...
Pittsburgh-based Alcoa Corporation is a global leader in the bauxite, alumina, and aluminium industry. With a market capitalisation of US$7.807 billion and an enterprise value of US$8.057 billion, the company's operations span the entire aluminium value chain, making it a significant player in the...
Alcoa Corporation, a name to reckon with in the global aluminium industry, has reportedly joined the World Economic Forum’s First Suppliers Hub, a platform created to bring together the innovative suppliers of materials needed to support the ambition of industrial decarbonisation in the world by...
Alcoa declared force majeure on bauxite shipments from its Juruti mine in Brazil on November 7, 2024, due to a vessel stranded in the channel near the port obstructing transportation. This disruption poses significant challenges for global alumina supplies, which are already under pressure due to...
The aluminium industry is committed to curbing greenhouse gas emissions in alignment with global scientific targets and national policies. The International Aluminium Institute (IAI) has provided an update on the progress of its Aluminium Industry Greenhouse Gas Initiative, showcasing its member...
On November 7, Alcoa announced the suspension of bauxite shipments from Brazil’s Juruti port due to a vessel stranded in the waterway. This marks the latest in a series of supply chain disruptions impacting the aluminium raw material market, contributing to record-high alumina prices and supporting...
With the rising demand for hydropower as an alternative to fossil fuels, Iceland undertook the development of the Kárahnjúkar hydropower plant in the eastern Highlands to support the Alcoa aluminium smelter, built simultaneously. Image source: Stantec Iceland's largest industrial development...
Joan Johnson, a renowned artist from Nedlands, received the prestigious Alcoa Major Award, which comes with a significant prize of AUD 10,000, for her artwork titled 'Deconstructed, Reconstructed and Embellished' in the City of Rockingham’s Castaways Sculpture Awards 2024.. Image Source: City of...
Chinese anode producer Sunstone was pleased to win a major order from US Aluminum company Alcoa and was so pleased that the story was released in Chinese media. I saw this photo and the accompanying story in Yicai. The story confirms that the contract is for 240,000 tonnes of anodes for the buyer's...
Alcoa, an American industrial corporation and the world's eighth-largest producer of aluminium, has reportedly expressed its optimistic outlook on the usage of aluminium to be driven by power grids, energy storage, and solar panels development to support energy transition to renewable energy. Image...
Alcoa Corporation welcomes the U.S. Treasury Department’s final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act (IRA). As recognised by the Administration, Section 45X is an important tool for shoring up domestic manufacturing...
This week, the upstream sector of the aluminium industry, comprising bauxite, alumina, and primary aluminium, witnessed some important events. One of the notable events would be the alumina price exceeding the RMB 4500 mark, breaking all the records of the past thirteen years. The alumina prices...
Alcoa Corporation is proud to announce Gaby Poirier's appointment as President of Alcoa Canada and Vice President (VP) of Global Transformation. In his new role, Mr Poirier will also continue as Regional Vice President of North America Operations and represent Alcoa on the Board of the Aluminium...
On Wednesday, October 16, Alcoa Corporation, the world’s eighth-largest aluminium producer, announced its third-quarter results that reflected sequential increases in net income and Adjusted EBITDA amid declines in production and shipments. According to the figures revealed by Alcoa, the company...
On October 16, 2024, Alcoa Corporation and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement (the...
Aluminium Bahrain B.S.C. (Alba) from Bahrain and Alcoa Corporation from the United States of America have extended their long-term relationship by signing yet another strategic agreement. They have renewed their alumina supply contract under which Alcoa has agreed to supply up to 16.5 million...
Alcoa of Australia Limited has entered into a long-term power agreement with AGL Energy for additional electricity supply for its Portland aluminium smelter in Portland, Victoria. As per the contract signed, AGL Energy Limited, Australia’s leading energy company with electricity, gas, solar, and...
