June 2016

Alcoa signs multi-year supply deal with commercial jet maker Embraer

Lightweight metals producer Alcoa has signed a multi-year, $470 million aluminium supply agreement with commercial jets manufacturer Embraer, the company said.

Malaysia extends moratorium on bauxite mining till September 15

Malaysia has extended the moratorium on bauxite mining at Pahang by two months to September 15 to clear the stockpiles in the area, according to local media reports.

Chinalco blamed by National Audit Office for decision-making blunders

Aluminum Corporation of China (Chinalco) has been accused by the National Audit Office (NAO) of “blunders in decision-making” over the past few years.

Bonnell's Newnan aluminium ops suspended after casting area accident

An accident in the casting area at the Bonnell Aluminum plant in Newnan, Georgia, earlier on Wednesday injured five employees and led to the evacuation of the area and suspension of operations, the company said.

Alcoa Corp will supply Arconic with aluminium for 3-year initial term

Alcoa Corp will supply Arconic with aluminium for use in its business once the division of Alcoa Inc’s business is complete, the parent company said.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 29

Alcoa continues move to index, spot alumina pricing

Alcoa Corporation is increasing the percentage of its third-party alumina shipments based on index or spot pricing this year to better reflect costs and market fundamentals, the company said.

Alcoa Corp will continue to review portfolio after parent company split

Alcoa Corp, the upstream company that will be formed following the split of Alcoa Inc, plans to continue to review its portfolio of assets and opportunities to maximise value creation, Alcoa said in its Form 10 filing with the US Securities and Exchange Commission.

Arconic will retain up to 19% stake in Alcoa Corp after split

Arconic, the downstream company that will be formed following the split of Alcoa Inc later this year, will retain up to a 19.9% stake in upstream company Alcoa Corp, according to the US lightweight materials producer.

ALUMINA INDEX: Benchmark falls as sellers face lacklustre demand, growing inventories

Alumina prices continued to fall last week as buyers in China became sellers against growing supplies of the raw material in the country’s warehouses.