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December 24, 2012
12:24 EDTKALU, AA, CENX, ACHKobe Steel halts plans for Mongolian aluminum factory, Nikkei says
Amid concerns of a slowing Chinese economy, and rising Sino-Japan tensions, Kobe Steel has decided against building an aluminum factory in the Inner Mongolia Autonomous Region. Reference Link
News For AA;ACH;CENX;KALU From The Last 14 Days
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August 3, 2015
10:01 EDTAAAlcoa falls, levels to watch
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July 28, 2015
10:00 EDTKALUOn The Fly: Analyst Downgrade Summary
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06:16 EDTKALUKaiser Aluminum downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc downgraded Kaiser Aluminum to Sector Weight citing balanced risk/reward.
05:08 EDTCENXCentury Aluminum permanently closing Ravenswood smelter
Century Aluminum announced that it intends to permanently close its Ravenswood, W.V. aluminum smelter, effective immediately. The Ravenswood smelter has been idled since February 2009. The decision to permanently close the Ravenswood plant is based on the inability to secure a competitive power contract for the smelter, compounded by challenging aluminum market conditions largely driven by increased exports of aluminum from China. As a result, the economics of restarting and operating the facility are unfavorable.
July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 23, 2015
09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
July 21, 2015
16:35 EDTKALUKaiser Aluminum increases FY outlook for value added revenue growth
We are increasing our full year outlook for year-over-year value added revenue growth from 6%-8% to 7%-9% based on a more favorable outlook for our automotive extrusion applications, as lower fuel prices have shifted demand towards larger vehicles with higher aluminum extrusion product content. We also expect additional improvement in manufacturing cost efficiency due to the continued benefits of the investments in Trentwood’s Phase 5 capacity expansion and new casting complex as well as our investments to support further growth in automotive extrusions. In addition, we anticipate slowly improving prices for spot market sales of heat treat plate products," said Jack A. Hockema, President, CEO.
16:33 EDTKALUKaiser Aluminum reports Q2 EPS $1.27, consensus $1.19
Reports Q2 revenue $367M, consensus $.366.45M

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