Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
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...
Grow with
AL Circle
Aluminium prices unlikely to rebound amid a slowdown
Aluminium prices on the London Metal Exchange (LME) have fallen 23% from their April 2011 peak to around $2,140/tonne. The rally was triggered by the excess liquidity injected into the markets by the US Federal Reserve as part of its QE2 (quantitative easing) programme in November 2011. But as the...
Alcoa Inks Sharing Agreement with Embraer to Build High-Performance Aircraft
Alcoa and Embraer have inked a sharing contract for a new technology, which will use the proprietary aluminum alloys and superior manufacturing and design methods of Alcoa along with its fastener technologies for helping in the advancement of Embraer’s high-performance wing solutions and metallic...
Alcoa Recognized as a Model of Sustainability in Brazil
Alcoa (NYSE: AA - News) has been recognized as one of 21 model companies in Sustainability in Brazil by Exame, a well-known Brazilian business magazine, which publishes the country’s prestigious annual survey on corporate social responsibility. This is the sixth time Alcoa was recognized for its...
Electronic Recyclers International and Alcoa Address Business School at The Ohio State University
John Shegerian, Chairman and CEO of Electronic Recyclers International (ERI), the nation's leading recycler of electronic waste, joined Kevin Kramer, President of Growth Initiatives for Alcoa, the world's leading aluminum producer, last night for a guest lecture on the benefits of sustainable...
Alcoa Refinery Expansion Approval Expires, Seeks Extension
Alcoa Inc. (AA), the largest U.S. aluminum producer, applied for a five-year extension for environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period expired. “We applied for a five-year extension of the ministerial approval for the Wagerup unit three...
Alcoa: Aluminium demand will outstrip supply
“Aluminium supplies will struggle to meet surging global demand over the next decade, leading to price rises, according to the head of Alcoa, the world’s largest producer of the metal. Over the past 20 years, aluminium demand grew an average 3.4 per cent a year, made up of 15 per cent annual growth...
Alcoa names new COO of Global Primary Products
Aluminum maker Alcoa is shuffling some executives in its Global Primary Products business and its Investor Relations function with all the moves effective Dec. 1. William Oplinger was named chief operating officer of Global Primary Products where he will oversee the company’s bauxite mining,...
Recycled Aluminium Christmas tree for Carnegie Science Centre
On Monday 14th November 2011, a volunteer team of 40 employees from ALCOA will be delivering a 6 ft tall Christmas tree to the Carnegie Science Centre located in the North Shore River Front in Pittsburgh. The tree is an evergreen variety handmade out of 100% infinitely recyclable aluminium cans to...
Alcoa names Meggers president of Global Rolled Products
Aluminum maker Alcoa named Kay Meggers president of the company’s global rolled products business succeeding Helmut Wieser, who will be retiring at the end of the year. The change is effective Monday, but Meggers and Wieser will work together through the end of the year to ensure a smooth...
Alcoa Creates Innovative All-Aluminum Bus Design for BYD’s New Electric Bus
Alcoa has declared that it has created a new all-aluminum bus design and space frame for BYD, reducing the body weight of the new BYD electric bus by around 1 t or 40%, when compared to steel components. The first two prototypes of the new BYD electric bus were introduced in Changsha City, Hunan...
Australian carbon tax fears
Australia's new carbon pricing plan will cause a contraction in the country's energy-intensive aluminium industry, already under pressure from cheaper Chinese output, the Australian Aluminium Council said. "This puts us at more of a disadvantage than we were at without the scheme," the council's...
Alcoa on way to meeting revenue growth goals
Aluminum producer Alcoa is well on the way to reaching its increased revenue growth targets for two of its businesses, Chief Executive Officer Klaus Kleinfeld said. The company also said production costs should come down when a new Saudi Arabian smelter starts up, and it expects to profit more from...
Noranda Aluminum Ranks the Lowest in Terms of Price to Sales Ratio in the Aluminum Industry (NOR, AA, KALU)
Below are the three companies in the Aluminum industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors. Noranda Aluminum (NYSE:NOR) is lowest with a price to sales ratio of 0.37. Noranda Aluminum Holding Corp is an...
Alcoa on way to meeting revenue growth goals -CEO
Aluminum producer Alcoa Inc is well on the way to reaching its increased revenue growth targets for two of its businesses, Chief Executive Officer Klaus Kleinfeld said on Wednesday. "On rolled products -- we set a target of adding $2.5 billion revenue to the top line by 2013," he said of the...
New aluminum can recycling tools help Americans step up efforts
Recycling is not only good for the planet, but good for your wallet too. According to the Aluminum Assn, Americans earn nearly $1 billion a year from recycling aluminum cans, yet nearly another $1 billion worth of aluminum cans are still tossed into landfills. As national sponsors of America...
Business growth: Alcoa outlines strong future
Alcoa Inc. executives told investors gathered Wednesday in Davenport that the aluminum maker’s technology and innovative products are positioning it for profitable growth — particularly in its aerospace and automotive markets. “Growth in the aluminum industry is expected to double over the next 10...
Aluminium Bahrain Racketeering Case Against Alcoa Reopened
A racketeering lawsuit filed by Bahrain’s state-owned aluminum producer against Alcoa Inc., the largest U.S. aluminum producer, was reopened by a U.S. judge. Aluminium Bahrain BSC, known as Alba, sued in February 2008, claiming that New York-based Alcoa bribed senior officials in Bahrain and caused...
Aluminum Slump Means 25% of Global Smelters Now Losing Money: Commodities
The biggest decline in aluminum prices since the global recession means at least 25 percent of the world's smelters may be unprofitable. The metal fell 23 percent to $2,135.50 a metric ton on the London Metal Exchange since May 1 and energy costs gained 16 percent in the past month. Twenty-five...
