Recent News from The Largest Companies in Aluminum Industry |
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Business Update
Alcoa s Big Victory: A Boost for Australia and Global Aluminum Markets Alcoa Corporation, a titan in the aluminum industry, is garnering attention this week after the Administrative Review Tribunal of Australia (ART) announced a favorable decision regarding the company?s tax dispute with the Australian Taxation Office (ATO). This pivotal ruling comes as A...
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Business Update
In a significant move that underscores its commitment to sustainable operations in Spain, Alcoa Inespal SL, a subsidiary of Alcoa Corporation (NYSE: AA, ASX: AAI), has officially announced the signing of a Memorandum of Understanding (MoU) with key stakeholders, including IGNIS Equity Holdings, SL (IGNIS EQT), the Spanish National Government, and the Xunt...
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Business Update
Alcoa s Decarbonization Effort and Market Dynamics: Navigating the Future of Low-Carbon Aluminum In a transformative move, Alcoa Corporation, a leading player in the global aluminum industry, has taken a significant step towards accelerating industrial decarbonization by joining the World Economic Forum?s First Suppliers Hub. This platform, a repository o...
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Management Announcement
In a twin display of operational resilience and strategic alignment with government policy, Century Aluminum is making...
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Business Update
Forging New Frontiers: Alcoa and IGNIS EQT s Strategic Alliance for Sustainable Advancement at San Ciprián In an increasingly interdependent global economy, the pursuit of sustainable business practices remains a paramount strategic priority for forward-thinking corporations. In this context, Alcoa Corporation, a venerable titan of the aluminium industry,...
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Management Announcement
Century Aluminum s Resilience Shines Through Hurricane Beryl s Disruption
Introduction
In a remarkable display of operational resilience and effective disaster management, Century Aluminum has announced the resumption of normal shipping operations at Jamalco s Rocky Point port, following essential repairs necessitated by Hurricane Bery...
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Business Update
Alcoa Divests Stake in Maaden Joint Venture Amidst Declining Revenues: A Shift in Strategy in Challenging Markets In a significant move reflecting its evolving strategic priorities, Alcoa Corporation, the global leader in bauxite, alumina, and aluminum production, announced earlier this week that it entered into a binding agreement to sell its 25.1% stake...
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Century Aluminum Company
Century Aluminum Company: Navigating Challenges and Future Outlook
Century Aluminum Company (NASDAQ: CENX) is one of the leading producers of primary aluminum in North America. The company's operational history has been marked by both significant achievements and notable challenges. As it prepares to report its second-quarter earnings for 2...
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Dividend
Pittsburgh-based Alcoa Corporation has recently announced the declaration of a quarterly cash dividend for both its common stock and Series A convertible preferred stock. The company s Board of Directors declared a dividend of $0.10 per share, which is set to be paid out on August 29, 2024. The dividend will be distributed to stockholders of record as of ...
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Stocks on the Move
Since the start of the year, Alcoa has emerged as one of the top-performing companies within the CSIMarkets index. Demonstrating superior performance compared to its customers, Alcoa s resilience and ability to overcome challenges have been critical in its success. Recent events, including a hit-and-run incident involving a cyclist and Alcoa s positive fi...
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Management Announcement
Jamalco Refinery Bounces Back to Full Production Following Hurricane Beryl
CHICAGO, July 12, 2024 - Century Aluminum, a leading aluminum producer, announced today that its Jamalco bauxite mining and alumina production joint venture in Jamaica has successfully resumed full operations after being impacted by Hurricane Beryl. The company reported no inju...
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Stocks on the Move
The Under-performance of Alcoa Corp Shares: Reasons and AnalysisAlcoa Corp, a leading aluminum producer, has experienced a decline in its share price performance over the past week. This under-performance can be attributed to several factors. Firstly, Alcoa shares have outperformed those of its customers, which may have led to investor concerns about the ...
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Business Update
Alcoa Corporation recently released its preliminary financial results for the second quarter of 2024, indicating a positive upward trend in key financial metrics. The company attributes these improvements to higher alumina and aluminum prices. Additionally, Alcoa has achieved significant milestones in its acquisition of Alumina Limited, with completion ex...
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Business Update
Alcoa Corporation Releases Preliminary Second Quarter 2024 Results Ahead of Alumina Limited Acquisition PITTSBURGH Alcoa Corporation (NYSE: AA) has unveiled its preliminary financial results for the second quarter of 2024. The announcement, strategically timed ahead of the Special Meeting of Stockholders scheduled for July 16, 2024, comes as the compa...
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Management Announcement
In a significant move towards addressing unfair trade practices, Century Aluminum has commended the Biden Administration for its decision to strengthen regulations on aluminum imports from Mexico. This commendation comes as the administration introduces a crucial provision that seeks to curb aluminum transshipments and unfair trade from third-pa...
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Stocks on the Move
In a first, a solar microgrid will directly power an industrial plantIn recent years, renewable energy sources have gained significant attention and investment as the world transitions towards a more sustainable future. One area where renewable energy has been making exciting strides is in the industrial sector. A recent development in this regard is the ...
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Stocks on the Move
Former Alcoa Coach Gary Rankin Inducted into High School Hall of Fame: A Legacy of ExcellenceFormer Alcoa High Football Coach Gary Rankin has been honored with yet another prestigious accolade. Widely regarded as the winningest Head Coach in the history of Tennessee High School football, Rankin was recently inducted into the National High School Hall of F...
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Business Update
In a groundbreaking alliance, Alcoa Corporation and Rio Tinto have united to bring forth a revolutionary carbon-free smelting technology, known as ELYSIS. This cutting-edge breakthrough aims to completely eliminate all greenhouse gas (GHG) emissions from the traditional aluminum smelting process, while also producing oxygen as a valuable byproduct. The la...
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Stocks on the Move
Alcoa Corp, a leading aluminum producer, has experienced strong performance in the current quarter, outperforming the entire market with a 4.37% gain. However, recent events have raised concerns about the company s environmental impact and potential damage to natural resources. This article examines these events and their implications for Alcoa s reputati...
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Stocks on the Move
Here s Why Century Aluminum (CENX) is a Strong Momentum StockCentury Aluminum Company achieved remarkable success in the first quarter of 2024, with a return on average invested assets (ROI) of 19.26%. This impressive figure surpasses the company s average return on investment of -4.77%. Moreover, the ROI has significantly improved from -6.25% in the prev...
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Stocks on the Move
In recent news revolving around Century Aluminum Co. (NASDAQ:CENX), several key factors have emerged that highlight the company s financial performance and market position. By analyzing various articles and data, it becomes evident that Century Aluminum is making waves in the industry.Concerning the company s stock performance, Century Aluminum has been o...
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Business Update
Alcoa Updates on Acquisition of Alumina Limited Amid Revenue Decline Alcoa Corporation (NYSE: AA) has shared a pivotal progress update on its planned acquisition of Alumina Limited, setting the stage for a significant expansion in the company s portfolio. This milestone comes at a crucial time as Alcoa grapples with a year-on-year revenue decline, contra...
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Business Update
Pittsburgh - October 2023 Alcoa Corporation (NYSE: AA) , a global leader in bauxite, alumina, and aluminum products, has recently made several significant corporate announcements, including updates on its acquisition of Alumina Limited , the curtailment of production at its Kwinana Alumina Refinery , and the continued operation of its bauxite mining ac...
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Business Update
Alcoa s Acquisition of Alumina Limited and Continued Operations in Western Australia and Spain: A Strategic UpdateIn a recent press release, global aluminum producer Alcoa Corp. (NYSE: AA) provided an update on its acquisition of Alumina Limited and outlined its plans for continued operations in Western Australia and Spain. The company announced that it h...
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Century Aluminum Company
Century Aluminum Company (CENX) has reported positive earnings for the first quarter of 2024, with a significant improvement in earnings per share (EPS) compared to the previous year. Despite a decrease in revenue, the company's net profits have experienced a substantial increase. The announcement of receiving up to $500 million in funding from the U.S. D...
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Stock Market Announcement
Century Aluminum Company has been chosen by the U.S. Department of Energy (DOE) to receive up to $500 million in funding to construct a new green aluminum smelter. This significant investment forms part of the Industrial Demonstrations Program (IDP) and aims to facilitate the transition of energy-intensive industries towards achieving net-zero c...
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Century Aluminum Company
The financial results for Century Aluminum Company in the fourth quarter of 2023 show a significant turnaround to profitability. The company reported earnings per share (EPS) of $0.33, a substantial improvement from the EPS of $-1.17 in the same quarter the previous year. This positive trend is also reflected in the sequential comparison, as EPS turned po...
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Partnership
In a strategic move aimed at driving sustainability and technological advancements in the aluminum industry, MX Holdings and Century Aluminum Company have recently unveiled their plans to form a new joint venture. The partnership will focus on the production and marketing of low-carbon secondary billet, with a mission to deliver expertly engineered alloys...
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Contract
Alcoa Enters into Binding Agreement to Acquire Alumina LimitedPITTSBURGH - Alcoa, a leading global aluminum producer, announced today its plans to acquire Alumina Limited in an all-stock transaction. The binding Scheme Implementation Deed (Agreement) between the two companies follows the previously agreed upon transaction process deed (Process Deed). Alco...
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Business Update
Alcoa Corporation, a global aluminum producer, recently announced its decision to fully curtail production at the Kwinana Alumina Refinery in Western Australia starting from 2024. This move comes amidst challenging market conditions and a decline in revenue, reflecting the company s strategic response to the evolving industry landscape.Facts and Analysis:...
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