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Public inquiry into tragedy exposes disregard for safety and compromised regulatory regime
...Shares in the world’s biggest aluminium producers have risen by double digits this year, with Alcoa up 68 per cent and Europe’s Norsk Hydro up 47 per cent....
...Alcoa expects aluminium demand from the transport industry to increase 41 per cent by 2025....
...Mr Caron, a longtime Tesla fan, grew up in Arvida, a small Quebec town founded by Alcoa in 1926, where his father and grandfather worked at the local aluminium smelter....
...Paul O’Neill famously transformed the culture of Alcoa, the aluminium manufacturer, when he took over in 1987, by focusing on a target of zero injuries....
...In after-hours trading Alcoa’s shares dropped 1.3 per cent to $28.60....
...The timeline puts Rusal in direct competition with Rio Tinto , Alcoa and Apple , which are also working on a greener way of mass-producing aluminium....
...Alcoa, the US aluminium group, has reported earnings above analysts’ expectations for the third quarter, sending its depressed share price more than 5 per cent higher in after-market trading....
...Alcoa said it incurred $15m of costs for tariffs on imports from its foreign operations for sale in the US, with most of these imports coming from Canada....
...the name Alcoa while the car and aircraft parts business took the name Arconic....
...Formed in 2016 in a spin-off of downstream assets from smelting giant Alcoa, Arconic makes aluminium components for planes, cars and industrial engines....
...Alcoa, the aluminium group, said recently it expected worldwide demand for the metal to rise at its weakest pace since the great financial crisis, with growth in China slowing to 4-4.5 per cent, compared...
...Alcoa is projecting a global deficit for both aluminium and alumina in 2018....
...The company, which houses the downstream assets of the old Alcoa, in late April slashed its earnings outlook owing to soaring aluminium prices, which had been pushed higher by sanctions against Russia and...
...In the mining sector, investors will be looking for an uptick in Alcoa's earnings when the aluminium producer reports its results on Wednesday....
...Esra Ozer, chief communications officer at Arconic, which houses the downstream assets of the old Alcoa, told an FT Future of Manufacturing summit in Chicago in May that manufacturing jobs are still regarded...
...In May, Rio joined forces with rival Alcoa to develop a new aluminium smelting technology that produces no greenhouse gases....
...single-day percentage loss since Alcoa was separated in two parts in 2016....
...Alcoa and Rio will also invest C$55m to progress the commercialisation of the technology....
...So, those are all the things that go into our analysis,” said Alcoa’s chief financial officer William Oplinger....
...Alcoa shares were down 4.9 per cent in after-hours trading....
The price can only get heavier but can it hit $3,000 per tonne?
...Alcoa, the aluminium producer, was down 5.2 per cent, while Century Aluminum was off 15.5 per cent. The Nasdaq Composite was down 1.5 per cent....
...Alcoa, the New York-listed aluminium group which also has operations outside the US, welcomed the tariff exemptions, but urged the administration to “expedite negotiations to remove uncertainty and make...
...Alcoa also said it expects a negative $50m in net performance for the year “as strength in the global aluminium market drives up input costs”....
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