Alcoa

Dry Weather in Brazil Desiccates Alcoa’s Fourth-Quarter Numbers

Dry Weather in Brazil Desiccates Alcoa’s Fourth-Quarter Numbers

Battling against drought in Brazil and an upswing in power prices in Spain took a toll on Alcoa Corporation’s fourth-quarter numbers, which the firm released to the market on Wednesday. Alcoa finished the quarter with US$3.2 billion in revenue, up from last...

Events

Saudi’s Ma’aden Seeks to Refinance US$2.88 Billion for Expansion of Aluminium Complex

Saudi Arabian Mining Company (Ma’aden) is reportedly seeking to refinance US$2.88 billion in debt accrued by subsidiary Ma’aden Aluminium Company. The refinancing is intended to continue the expansion of the subsidiary’s integrated aluminium complex. According to Reuters, the state-owned mining company sent proposals to several banks last week, and has given them to the end […]

Alcoa and Tri-Arrows Join The Aluminum Association’s Aluminum Transportation Group

American aluminium trade group The Aluminum Association announced today that the Aluminum Transportation Group (ATG) has grown by two. Pittsburgh’s Alcoa Corporation and Kentucky’s Tri-Arrows Aluminum Inc. have become the ATG’s tenth and eleventh member companies. Heidi Brock, president and CEO of the Aluminum Association, welcomed the two firms, both of whom are acknowledged leaders […]

Senator Schumer Calls for Prompt Action on Aluminium Imports from Trump Administration

U.S. Senate Minority Leader Charles E. Schumer (D-NY) published an open letter to Secretary of Commerce Wilbur L. Ross, Jr. and United States Trade Representative Robert Lighthizer on Tuesday, urging the executive branch to come to a timely resolution for the overcapacity of aluminium drowning the domestic aluminium industry. Citing the national security concerns raised […]

Aluminium’s Big 4: strategies and outlook for 2017

The four biggest aluminium companies in the world (excluding China), namely Alcoa, Norsk Hydro, UC Rusal and Rio Tinto, had a good start to 2017. Thanks to higher aluminium and alumina prices, all four registered significantly higher net profits in Q1 2017 compared to the previous quarter. But that doesn’t mean that all aluminium producers […]

Metal Bulletin’s 23rd Bauxite and Alumina Conference

Metal Bulletin held its 23rd Bauxite and Alumina Conference in Miami last week. The gathering brought together major industry participants in a collegial environment to discuss tactics and strategies related to production and consumption of bauxite and alumina. Representatives from over 160 public and private organizations on six continents attended the three-day meeting. More than […]