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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AusGroup to provide services to Alcoa refinery in Australia
AusGroup’s subsidiary AGC Industries has secured a contract from Australia based Alcoa to carry out the management and execution of core multi-disciplinary services (MDS) to its Wagerup refinery located in Western Australia. Under the terms of the five-year contract, AGC will provide range of...
Alcoa (AA) Shares Given New $13.00 Price Target by UBS AG (UBS) Analysts
Equities research analysts at UBS AG (NYSE: UBS) lowered their price target on shares of Alcoa (NYSE: AA) from $16.25 to $13.00 in a research issued note to investors on Friday. They currently have a “neutral” rating on the company’s shares. Separately, analysts at Jefferies initiated coverage on...
Jamaica reviewing two bids for Jamalco shares
The Jamaican Government says - in disclosures made by Finance Minister Audley Shaw to lawmakers Thursday - that the sale of its holdings in the Jamalco refinery is imminent, and that negotiations are ongoing with two parties. Jamaica's 45 per cent stake in Jamalco, held by Clarendon Alumina...
Noranda Aluminum Aluminium with the Highest Upside Potential (NOR, AA, CENX, AWC, K)
Below are the top companies in the Aluminum industry as measured by the potential gains between the current stock price and the projected average analyst target. Noranda Aluminum (NYSE:NOR - Snapshot Report) has a potential upside of 61.4% based on a current price of $10.78 and an average consensus...
Alumina shares bounce on increased dividend
Shares in Alumina Limited (ASX:AWC) bounced yesterday after the company said it would increase its dividend. In a half year update to shareholders Alumina said it will pay a fully franked final dividend of 2.8885 cents or 3 US cents per share, up from 2 US cents. The company also stated its Alcoa...
Market Analysis – Alumina Limited
Alumina Limited (ADR)(NYSE:AWC) fell -3.33%, to close at $6.96 and its overall traded volume was 89,790.00 shares in the last trading session. AWC opened the day at $6.72, it made an intraday low of $6.72 and an intraday high of $6.98. The 52-week range of the stock is $6.49 – $11.46. The market...
Norsk Hydro: Alumina Index Accepted More Quickly Than Expected
Acceptance of the new index-based method for pricing alumina has been speedier than anticipated, a senior executive at Norsk Hydro ASA (NHY.OS) said Wednesday. Simon Storesund told Dow Jones Newswires in an interview that the company, which has between 3 million and 4 million metric tons of alumina...
Alcoa fears shutdown, loss of 600 jobs
More than 600 Lowcountry jobs could be in jeopardy. Alcoa Mt. Holly, the Goose Creek aluminum manufacturer, says its power rates have become too pricey. If they're not lowered, the plant may shut down. Alcoa has been negotiating with Santee Cooper for almost a year to try to come up with a lower...
LME: Delists Alcoa Wenatchee Aluminum Alloy
The London Metal Exchange Friday said it has delisted U.S.-based Alcoa Inc.'s (AA) Wenatchee aluminum alloy. It said it has no stocks of metal under the brand on LME warrant, and as such it will be delisted with immediate effect.
Strengthening Worldwide Demand For Aluminum Bodes Well For Alcoa
Aluminum prices have been hit hard since April. The aluminum ETF ALUM fell from 16.36 on 4/11/11 to a low of 11.19 on 8/8/11. Aluminum looks poised for a rally. The fundamentals are looking better. Just recently, RUSAL (the world's largest producer of Aluminum) CEO Oleg Deripaska, forecasted strong...
Goldman Sachs Says Buy Alcoa (AA) on Weakness
Goldman Sachs reiterated their Buy ratings on Alcoa (NYSE: AA) following the recent sharp pull back in the shares on global growth and the sovereign issues in Europe. The firm expects demand for metal to remain fairly healthy driven by emerging markets. Also, supply demand fundamentals for metals...
Alcoa Earns AIRG Medal for its Novel Alumina Refining Technology
Alcoa has declared that its Technology Delivery Group (TDG) at the Kwinana Refinery located in Western Australia has earned the inaugural Australasian Industrial Research Group (AIRG) Medal for its pioneering technology that decreases energy consumption by the company. The AIRG presents the medal...
Analyst Rating In Review: Alcoa Bid Up 5.8% Since Upgraded 7 Days Ago (AA)
Davenport upgraded Alcoa (NYSE:AA) from Neutral to Buy a week ago. Alcoa shares are selling at $11.86, 5.8% above the $11.21 price point of one week ago. A 49.0% potential upside exists for Alcoa, based on a current level of $12.13 and analysts' average consensus price target of $18.08. The stock...
Glen Morrison, President of Alcoa Building and Construction Systems, Named Senior Fellow of the Design Futures Council
Alcoa AA announced today that Glen Morrison, President of Alcoa Building and Construction Systems, was named a Senior Fellow of the Design Futures Council (DFC) by the organization's Board of Directors. The DFC is an interdisciplinary network of U.S. design, product and construction leaders looking...
Legend International Holdings Inc. Announces Signing of Memorandum of Understanding with Alcoa of Australia Limited
Legend International Holdings, Inc (Legend) is pleased to announce it has signed a Memorandum of Understanding with Alcoa of Australia Limited ("Alcoa") to investigate a potential offtake agreement. The two companies have commenced preliminary discussions examining the viability of Legend supplying...
WA Govt urged to mediate Alcoa emissions row
Residents in the south-west Western Australian town of Yarloop are calling on the State Government to intervene in a long-running dispute between the community and aluminium producer Alcoa. A group of residents is taking legal action against Alcoa, alleging emissions from the company's refinery are...
Infosys Renews Contract With Alcoa
Infosys BPO, a leading player in the outsourcing services sector, today announced a five year renewal of its contract with Alcoa Global Business Services (GBS). Alcoa is the world's leading producer of aluminum and alumina with over USD 21 billion in revenues. Infosys BPO's partnership with Alcoa...
Alcoa Celebrates 15th Anniversary of Alumar Environmental Park in Brazil: A Living Laboratory for Ecological Education
Alcoa is celebrating the 15th anniversary of the Alumar Environmental Park in Sao Luis, Brazil, located on the site of the Alumar complex, one of the world's largest primary aluminum and alumina facilities. This ecological sanctuary, which covers 1,800 hectares (4,447 acres), is an example of...
