Roy Harvey

“Sucking Sound” Of Loss Of Aluminium Smelting Capacity The Result Of Beijing Subsidies: Alcoa CEO Harvey

“Sucking Sound” Of Loss Of Aluminium Smelting Capacity The Result Of Beijing Subsidies: Alcoa CEO Harvey

Monstrous subsidies from Beijing is contributing to the continued bloat of aluminium production in the People’s Republic of China according to Alcoa Corporation’s CEO Roy Harvey, and he’s working to muster support from government officials around the globe to help put a...

Events

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 […]

Rising Aluminium Prices Lift Alcoa’s First-Quarter Numbers

Alcoa Corporation released results for the first quarter of 2018 yesterday. Though down slightly from the previous quarter, the firm’s numbers were largely better year-on-year thanks to a recovered aluminium market and an improved selection of aluminium products on offer. The firm posted revenue in the quarter of US$3.09 billion, up year-on-year from last year’s […]

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 quarter’s total of US$3.0 billion, and up year-on-year from last year’s Q4 total […]

Alcoa Closes Rockdale Site, Sells Portovesme Aluminium Smelter to Italian Government

Pittsburgh aluminium pioneer Alcoa Corporation announced the fate of two idled smelting sites in its portfolio yesterday, opting to close a site in Texas and sell another site in Italy. Per a press release published on its website, Alcoa revealed that it is permanently closing its Rockdale operations, which includes an aluminium smelter and casthouse […]