Roy Harvey

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the amendment of its joint venture with Saudi Arabian Mining Company (Ma’aden), which will have the firm transfer its interest in a portion of the aluminium complex to Ma’aden along with a cash payment of...

Events

Rebound In Prices Propel Alcoa’s Bottom Line Into The Black In The Fourth Quarter

Pittsburgh aluminium pioneer Alcoa Corporation released results for the fourth quarter and full year of 2018 on Wednesday, reporting stronger numbers across both periods thanks to improved prices in both the alumina and aluminium global market. In the year’s final quarter Alcoa reported a net income of US$43 million, reversing losses of US$41 million in […]

Rise In Aluminium Prices Boost Alcoa’s Q3 Numbers Above Market Expectations

American aluminium pioneer Alcoa Corporation released third-quarter results yesterday, reporting numbers riding higher on an increase in aluminium prices thanks to the Trump administration’s tariffs and rising sales. For the quarter, Alcoa’s revenue totaled US$3.4 billion. The firm realized a net loss of US$41 million, which included planned changes to the company’s pension plan and […]

Alcoa Seeks Tariff Reprieve From Trump Administration For Specialty Aluminium

Iconic American aluminium producer Alcoa Corporation has approached the Trump administration to obtain from relief from the Section 232 aluminium tariffs that were levied upon all imports earlier this year, saying that they are now suffering from the measure enacted specifically for their benefit. The firm filed a quintet of requests for waivers with the […]

Alcoa Turns In 38% Increase In Adjusted EBITDA In Q2 2018

Iconic Pittsburgh aluminium smelter Alcoa Corporation released results for the second quarter on Wednesday. Numbers were up across the board thanks in part to strong pricing for both alumina and aluminium. Alcoa’s revenue in the second quarter totaled US$3,579 million, up from both last quarter’s total of US$3,090 million and last year’s second-quarter total of […]

Alcoa and Rio Tinto Announce Breakthrough Carbon-Free Aluminium Smelting Process

Calling the breakthrough “the most significant innovation in the aluminium industry in more than a century,” American smelter Alcoa Corp and Anglo-Australian mining giant Rio Tinto Group say they have developed a revolutionary new method for smelting aluminium that produces oxygen rather than greenhouse gases. Press releases by both companies announced the breakthrough yesterday, as […]