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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ALUMINUM OF CHINA IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH THE BEST RELATIVE PERFORMANCE (ACH, AWC, AA, CENX)
Below are the top five companies in the Aluminum industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Aluminum of China (NYSE:ACH - Analyst Report) ranks first with a loss of...
Golding administration to decide on its stake in Jamalco
Minister of Finance Audley Shaw last night revealed that by the end of August, the Government will make a decision on the sale of its stake in the Jamalco alumina refinery. The Government has been incurring billions of dollars in losses each year because of a forward sales agreement between the...
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Alcoa (AA) is one of the world's largest producers of aluminum and aluminum-related products. The company operates numerous aluminum mines and smelters across the globe and is expanding into emerging markets where demand is on the rise. The company recently reported its second quarter earnings for...
Sigma Labs Receives Contract From Alcoa for Advanced Manufacturing Process Development
Sigma Labs, Inc. announced today that it received a contract from Alcoa, Inc. (NYSE:AA - News) to demonstrate the feasibility of applying Sigma Labs' In-Process Quality Assurance (IPQA) technology to the welding of advanced aluminum structures. Sigma Labs expects this exploratory contract to...
Alcoa Stock To Go Ex-dividend Tomorrow (AA)
The ex-dividend date for Alcoa (NYSE:AA) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $14.62 as of 9:33 a.m. ET, the dividend yield is 0.8%.
Alcoa Mill Products to pay more than $540,000 to settle discrimination case with US Department of Labor
Alcoa Mill Products Inc. will pay $484,656.19 in back wages to 37 Hispanics and African-Americans as well as $35,516.88 to two women who all were rejected for job positions at the company's plant in Lancaster, Pa. The settlement resolves a finding by the U.S. Department of Labor that the company...
KAISER ALUMINUM IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH RELATIVELY LOW UPSIDE POTENTIAL (KALU, AWC, NOR, CENX, AA)
Below are the bottom five companies in the Aluminum industry as measured by the potential gains between the current stock price and the projected average analyst target. Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) has potential upside of 9.3% based on a current price of $55.82 and an average...
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Alcoa is one of the world's largest producers of aluminum and aluminum-related products. The company operates numerous aluminum mines and smelters across the globe and is expanding into emerging markets where demand is on the rise. Improving market prices for aluminum fuelled by demand from China...
Alcoa Foundation to sponsor 25 employees for Earthwatch Institute expedition
Alcoa Foundation announced that it will sponsor 25 employees from the Company’s operations in Australia, Brazil, Canada, China, Hungary, Iceland, Norway, Russia, Spain, Suriname and the United States on Earthwatch Institute expeditions to Brazil and China. The employees, who volunteered to become...
Alcoa Dipping Below Support
Shares of Alcoa, Inc. (NYSE:AA) closed the trading session at $14.83 below calculated support at $15.10 breaking current long setups, raising concerns by the bulls, as this move might give the bears the upper hand.
Alcoa Employees Join Expedition to Brazil and China as Earthwatch Fellows
Alcoa Foundation announced today that it will sponsor 25 employees from the Company’s operations in Australia, Brazil, Canada, China, Hungary, Iceland, Norway, Russia, Spain, Suriname and the United States on Earthwatch Institute expeditions to Brazil and China. The employees, who volunteered to...
Alcoa CEO: Gov't needs to cut spending, raise revenue
Alcoa Inc. Chairman and CEO Klaus Kleinfeld said Wednesday a long-term solution to the federal budget deficit will require both spending cuts and increased revenue.
RELATIVELY HIGH FORWARD EARNINGS YIELD DETECTED IN SHARES OF NORANDA ALUMINUM IN THE ALUMINUM INDUSTRY (NOR, CENX, AA, AWC, KALU)
Below are the highest five companies in the Aluminum industry based on estimated Forward Earnings Yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally,...
Alcoa Is Telling Us Good Things About the Global Economy
Aluminum giant Alcoa (NYSE: AA ) just reported a 27% surge in revenue and a more than twofold jump in its bottom line for the second quarter. A major aluminum company covers a lot of major sectors and thus gives us insight into the broader economy.
Alcoa Goes Green And Gets To $20
Alcoa has increased its focus on sustainability. The company’s announcement that it will invest $21 million in expanding B&C Research – a part of Alcoa’s wheel and transportation products business – is its latest pro-environment expansion plan.
Aluminium cladding cleans itself, and the air
Alcoa Architectural Products of France has launched a new aluminium cladding panel that cleans both itself and the surrounding air. “These cladding features mean the building is no longer just a structure,” explained Guy Scheidecker, marketing and distribution manager for Alcoa Architectural...
Alcoa Announces Dividend
The Board of Directors of Alcoa (NYSE:AA - News) declared (a) a quarterly common stock dividend of 3 cents per share payable August 25, 2011 to shareholders of record at the close of business on August 5, 2011 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative...
Global Demand for Aluminum Taking Off
Pittsburgh-based Alcoa (AA), the largest domestic producer of aluminum, saw its Q2 profit increase more than 100% “after higher prices for the lightweight metal outweighed increasing raw-material costs,” according to a Bloomberg article. Alcoa’s sales increased 27% to $6.59 billion last quarter,...
