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NYA:AA, Feb 28, 10:47 UTC

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Wednesday, February 26


News

Coronavirus restricting alumina supply, smelting impact still unclear: Alcoa

AA

Within the aluminum supply chain, the coronavirus outbreak has had the most visible impact on alumina supply, but the effect on aluminum smelting is not yet fully evident, Alcoa CEO Roy Harvey said. Bauxite shipments into Chinese ports have continued as normal, but transport of the bauxite from the ports to inland refineries have faced disruptions due to issues related to the virus outbreak, Harvey told participants at the BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida. “For the refiners, and particularly those refineries inside of China, they are starting to see real supply chain bottlenecks, whether its bauxite or caustic soda or coal gas,” Harvey said. Now, smelters will also run short of anodes if they can’t get them delivered, and they will run short of other carbon products.”. While the impact on aluminum smelting is still unclear, Harvey said he expects to see more pressure on alumina and aluminum demand.

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Tuesday, February 25


News

Why Alcoa Stock Is a Discount You Shouldn’t Take

AA

Why Alcoa Stock Is a Discount You Shouldn’t Take. Back when Alcoa (NYSE:AA) used to be a bellwether company, any deterioration in Alcoa stock was cause for alarm. Of course, this narrative has shifted. And today, the steep decline in the share price of AA stock is concerning specifically for industry-related reasons. As you know, the equity markets took a massive hit on Monday due to the coronavirus from China. For Alcoa, though, the coronavirus is somewhat meaningless. Second, China simply owns too much of the core aluminum market. As Alcoa’s earnings call noted, the supply-demand picture is unfavorable to the organization.

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investorplace.com
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News

Alcoa's latest Ultra One wheel is lighter, more corrosion resistant

AA

Arconic — which goes to market under the Alcoa Wheels name — unveiled the new design at the 2020 Technology & Maintenance Council annual meeting, running through Feb. 26, at the Georgia World Congress Center in Atlanta. The new wheel, which retains a "classic" look with 34% larger handholes versus competitors' products, will be a direct replacement or substitution for the previous Ultra One wheel. OEMs will begin a full transition to the new wheel within the next two to three months, Alcoa said. The latest Ultra One design also incorporates the company's patent-pending "Hub Bore Technology," which reduces the hub-to-wheel contact area by up to 64% versus other aluminum wheels on the market, Alcoa said, leaving less surface area for corrosion to form.

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tirebusiness.com
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Monday, February 24


News

Alcoa Debuts New Lightweight Wheel, Bore Design

AA

ATLANTA — Alcoa Wheels introduced a new wheel for heavy-truck applications that the company said is the lightest wheel it has produced, and which features a design that reduces contact with the wheel hub, which it said can combat corrosion. The company’s latest Ultra One wheel is available in the 22.5” × 8.25” size and weighs 39 pounds. That is 1 pound lighter than the previous model and 6 pounds lighter than wheels Alcoa made six years ago, Mike Baird, the company’s director of engineering, said Feb. 23 at American Trucking Associations’ Technology & Maintenance Council annual meeting. The wheel is available through all major truck manufacturers, Baird said, and is designed to match current models — a move to help motor carriers maintain consistency.

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ttnews.com
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News

Alcoa Sheds Weight with New Truck Wheel; Launches Podcast - Equipment - Trucking Info

AA

Alcoa Wheels is updating its product portfolio with the Ultra One 22.5 x 8.25-inch wheel. “This is quite possibly the strongest wheel we’ve ever made, and it also happens to be the lightest,” said engineering director Mike Baird. The update was announced Feb. 23 at the annual meeting of the Technology & Maintenance Council in Atlanta. The Ultra One maintains a classic look and features hand holes that are 34% larger than competitive offerings, providing easier access to valve stems, the company said. But the product also emerges with the help of a new patent-pending Alcoa Wheels Hub Bore Technology. While the inside wheels on dual assemblies often stick onto hubs, because of the contact patch between the aluminum wheel and the pilot, Alcoa Wheels said this design reduces the amount of aluminum that actually touches the hub.

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truckinginfo.com
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Sunday, February 23


News

Alcoa faces $212m claim from Australian Tax Office

AA

Like BHP and Rio Tinto before it, Alcoa is in the ATO’s doghouse over the pricing of commodity sales, with the US-headquartered alumina and aluminium company telling shareholders late on Friday it faced a tax bill “related to the pricing of certain historic third-party alumina sales”. The disclosure is contained within Alcoa’s US annual financial report, filed late on Friday. Alcoa only produces alumina in Western Australia, where it owns two bauxite mines and three alumina refineries in partnership with ASX-listed Alumina Ltd. Alcoa also operates the Portland aluminium smelter in Victoria, where China’s CITIC and Japanese conglomerate Marubeni each hold a 22.5 per cent stake. In 2018 BHP paid $529m, without admitting any fault, to settle a tax dispute with the ATO over claims it had underpaid taxes on iron ore exports between 2003 and 2018.

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theaustralian.com.au
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Alcoa smelter subsidy talks hit by $212m curveball

AA

Negotiations to extend state and federal subsidies to Victoria's loss-making Portland aluminium smelter just got more complicated, courtesy of a dispute between the smelter's owner and the ATO worth almost as much as the current subsidy package. The Australian Taxation Office said a subsidiary of US aluminium giant Alcoa should have paid an extra $212 million of income taxes in previous years. Alumina is the basic feedstock for aluminium, and it is not clear whether the Portland smelter, which is an Alcoa-led joint venture between multiple companies, would be considered a third party for tax reasons. Despite the state and federal support, the Portland smelter's losses have spiralled since 2017, and its future appears bleak as Alcoa conducts a clean up of its global portfolio, vowing to exit uncompetitive and carbon-intensive assets.

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afr.com
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Saturday, February 22


News

Feb 22, 2020 - Alcoa Corp (AA) Files 10-K for the Fiscal Year Ended on December 31, 2019

AA

The company engages in aluminum production from bauxite mining to manufactures finished aluminum goods. GuruFocus has detected 2 severe warning signs with Alcoa Corp. . For the last quarter Alcoa Corp reported a revenue of $2.4 billion, compared with the revenue of $3.3 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $10.4 billion, a decrease of 22.2% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Alcoa Corp had an average revenue decline of 1.1% a year.

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Feb 22, 2020 - Alcoa Corp (AA) Files 10-K for the Fiscal Year Ended on December 31, 2019

AA

The company engages in aluminum production from bauxite mining to manufactures finished aluminum goods. GuruFocus has detected 2 severe warning signs with Alcoa Corp. . For the last quarter Alcoa Corp reported a revenue of $2.4 billion, compared with the revenue of $3.3 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $10.4 billion, a decrease of 22.2% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Alcoa Corp had an average revenue decline of 1.1% a year.

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Friday, February 21


News

ASI’s Certification Of Alcoa Plants On Four Continents Opens Door To Offering Of Certified Sustainable Aluminium – Aluminium Insider

AA

Anglo-Australian mining behemoth Rio Tinto Group and Quebec’s aluminium equipment provider STAS jointly announced last week a partnership to commercialize... Vedanta To Deploy GE’s Digital Smelter Technology At Jharsuguda Aluminium Smelter. London-based metals miner Vedanta Ltd. and American multinational conglomerate General Electric Company (GE) jointly announced yesterday that they have agreed... Bauxite & Alumina 2020. The global meeting for the bauxite & alumina markets Following on from a bumper event in 2019, Bauxite & Alumina... LME Prices in USD per Metric Tonne. Events. Included in Alcoa’s Sustana line of aluminium products are varieties that emit 75-percent less carbon dioxide than the industry standard as well as an offering that is guaranteed to consist of at least 50 percent recycled aluminium content. ASI’s Performance Standard is the product of consultations with a multitude of stakeholders throughout the aluminium value chain, which ASI asserts is the sole comprehensive voluntary sustainability standard initiative in the aluminium sector.

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aluminiuminsider.com
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