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...
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Automotive Demand For Lightweight Aluminum will improve Alcoa market
The automotive sector is moving toward lighter materials for production in order to reduce vehicle weights and improve fuel efficiency and Alcoa is bullish on aluminum demand going forward. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and...
Geelong smelter jobs at risk, Trades Hall claims
GEELONG Trades Hall has forewarned that aluminium giant Alcoa will inevitably close its Victorian operations. But the dire prediction has divided the union movement, with the Australian Workers Union labelling the comments as misguided. It comes as Alcoa failed to guarantee its future in the...
Recycling plant turns 50
AUSTRALIA'S largest aluminium recycling facility, the Alcoa plant in Yennora, turned 50 last month. The facility recycles almost half a billion aluminium cans a year, going through around 55,000 tonnes of scrap aluminium. The recycling process uses 5 per cent of the energy needed to make new metal...
Alcoa Bearish Moving Average Crossover Alert (AA)
Shares of Alcoa (NYSE:AA) have crossed bearishly below their 10-day moving average of $11.80 on a volume of 8.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term. In the past 52 weeks, shares of...
Alcoa Names 2011 Top North American Scrap Aluminum Suppliers
Alcoa (NYSE: AA) today announced its Top North American Scrap Aluminum Suppliers as well as the “Most Improved” Supplier for 2011.The leading are Commercial Metals Company [Dallas, TX], Jack Engle & Company [Los Angeles, CA],Omnisource & Omnisource SE Corporation. This marks the seventh consecutive...
Aluminum in Cars At All-Time High – Alcoa, Novelis Taking It To The Bank, Part One
The future for aluminum demand is looking pretty nice and shiny.Alcoa is certainly betting on higher long-term auto demand, contrary to what some of the auto sector bears are predicting, by expanding an aluminum plant in Iowa. The expansion wouldn’t be complete until 2013, which goes to show...
Smelters are under threat, claims Alcoa
US aluminium giant Alcoa has warned that Victoria's two aluminium smelters face a "significant threat" because of the soaring Australian dollar, high input costs and the carbon tax, raising fears of further job losses in the crisis-hit manufacturing industry. Victorian Treasurer Kim Wells met Alcoa...
CBG Halts Guinea Bauxite Exports as Repairs Fail
Guinea's CBG halted bauxite exports on Sunday afternoon after repairs to a conveyor belt used to load ships failed, a company source told. The company's exports had restarted from a week-long shutdown earlier in the day after repairs to the conveyor were completed, but the staples the company had...
Alcoa Earns a Spot on 2011 InformationWeek 500 List of Top Technology Innovators
Alcoa AA +0.58% today announced that it has earned a spot on the 2011 InformationWeek 500, an annual listing of the nation's most innovative users of business technology. Alcoa was recognized for innovative use of IT business analytics that helped the company achieve cost reductions during the...
Alcoa invests in Recycler
Alcoa and LS-Nikko Copper invest in Electronic Recyclers International to strengthen their sustainability platforms. Electronic Recyclers International (ERI), based in Fresno, Calif., has been the recipient of investments from Pittsburgh-based Alcoa and Seoul, South Korea-based LS-Nikko Copper. The...
Alcoa to spend $300 mln at Iowa plant for auto mart
Alcoa Inc. said, on Thursday, it will spend about $300 million to expand its Davenport, Iowa rolled products plant in order to meet rising demand from the automotive market. The Pittsburgh-based aluminum producer said in a press release that the project will add 150 new permanent jobs in Davenport...
Rio, Alcoa’s CBG Set to Resume Guinea Bauxite Exports
Compagnie des Bauxites de Guinee, which is owned by the West African nation, Rio Tinto Plc (RIO) and Alcoa Inc., expects to resume exports of the ore used in aluminum “this evening or tomorrow,” said Director General Kemoko Toure. Shipments were halted Sept. 12 after a conveyor was damaged, he said...
Alcoa to Reevaluate Iceland Plans
Alcoa Inc. said it will have to reevaluate its plans to build an aluminum smelter near Husavik, north Iceland, following a statement by the country’s Industry Minister Katrin Juliusdottir indicating she didn’t think the smelter would be built in the next few years. The smelter would require a large...
Alcoa, CPI Announce Letter of Intent to Develop Joint Venture Producing High End Aluminum Products
Alcoa and the China Power Investment Corporation (CPI) have signed a Letter of Intent that marks an important step in the evolution of the two companies' partnership, Alcoa announced today. The letter provides a framework for a completed joint venture, which will focus on producing high-end...
Alcoa Kawneer Products Featured on Award Winning Art Gallery of Alberta
A range of architectural aluminum products from Alcoa’s (NYSE: AA) Kawneer business were used in the design and construction of the new Art Gallery of Alberta, Canada, recently recognized by Metal Architecture with the Grand Award in its 2011 Metal Architecture Design Awards. Alcoa Kawneer's...
Alcoa Jamalco Reaches Bauxite Milestone Using Sustainable Transport System
Alcoa (NYSE: AA) Jamalco Operations, using a sustainable transport system, has reached a milestone: hauling 10 million tons of bauxite from its Mount Oliphant mine to the rail station, where it is loaded for shipping to the company’s Clarendon alumina refinery. The record was achieved in less than...
Aerospace, home appliance, and consumer goods sectors create opportunities
Alcoa expects global aluminum demand to grow because of increasing population and urbanization around the world, particularly in China.They have seen many opportunities in China's aerospace, automotive, home appliance, consumer electronics, commercial transportation, and power generation...
Rising Bauxite prices not to affect Alcoa projects - Chairman & CEO
During his visit to Dalian to attend the Summer Davos Forum from Sept 14 to 16, Klaus Kleinfeld, the chairman and CEO of Alcoa, discussed with China Daily the firm's development strategy. Alcoa is the leader in bauxite and alumina and has an enviable position in the alumina sector. Our new projects...
