Alcoa Corporation

Strong Shipments Buoy Alcoa’s Q2 Financials

Strong Shipments Buoy Alcoa’s Q2 Financials

American aluminium major Alcoa Corporation announced results for the just-ended second quarter of 2017, turning in a respectable bottom line despite challenges presented by prices in the metals market. Alcoa reported a revenue of US$2.9 billion for the quarter, besting last quarter’s...

Events

Alcoa Buys Time Via US$7.3MM Payment on Power Deal for Shuttered Wenatchee Works

Alcoa is keeping its options open at the now-shuttered smelter in north-central Washington state as evidenced by a modification by the local public utilities board allowing the firm to “buy time” at the cost of a US$7.3 million partial payment on their power deal with the county. The four Chelan County Public Utility District commissioners […]

Better Bottom Line, Steady Production Reflected in Alcoa’s Q1 Numbers

Alcoa Corporation released results for the first quarter of 2017, boasting a strong showing on the bottom line in the quarter. The firm’s net income for the quarter totaled US$225 million, a turn-around from the previous quarter’s loss of US$125 million, and an about-face from the prior year’s first-quarter loss of US$210 million. Adjusted net […]

Administrative Consolidation Returns Alcoa HQ to Pittsburgh

In a continuing effort at streamlining the company’s operations, Alcoa is consolidating several of its administrative offices. The initial location to close its doors is Alcoa’s office in New York City, which will see the firm’s global headquarters return to Pittsburgh, the city where Charles Martin Hall founded its predecessor in 1888. The Pittsburgh location […]

Alcoa Realigns Company Into Aluminium, Alumina, Bauxite Business Units

American aluminium major Alcoa Corporation announced yesterday a consolidation of business units. As of yesterday, the aluminium smelting, cast products, rolled products, and the majority of energy assets are all under the umbrella of the new business unit Alcoa Aluminum. The move means that Alcoa is composed of three business units: Alcoa Bauxite, Alcoa Alumina, […]

Higher Power Prices Prompt Partners’ Write Down in Portland Aluminium

Higher power prices negotiated by the operators of Portland Aluminium with AGL Energy have prompted them to write down their stake in the joint venture by a total of USD229 million. Year-end filings by Alumina Ltd indicate that the firm and its partner Alcoa wrote down their stake in the smelter by USD126 million each. […]