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Alcoa Corporation (NYSE:AA) shares are trading higher on premarket Thursday. On Wednesday, the company reported third quarter sales of $2.904 billion, missing the consensus of $2.967 billion.
In 1998, Alcoa acquired Alumax in a cash and share deal for $2.8 billion. Alcoa paid $50 a share in cash for half of the shares and 0.6975 Alcoa share for each of the remaining Alumax shares. Alcoa also assumed $1 billion in debt. [19]
Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets. [1]Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with Alcoa.
Alcoa World Alumina and Chemicals (AWAC) is a subsiduaty of Alcoa. AWAC's business is the mining of bauxite , [ 1 ] the extraction of alumina ( aluminium oxide ) and the smelting of aluminium. It has about 25% of the global alumina market.
As rising costs and lower prices pressure aluminum producers, Alcoa said it is shuttering two more smelting operations in Brazil, which follows its closure of a smelter in Australia last month and ...
Alcoa Reports Loss From Continuing Operations Of $0.13 Per Share; Income Of $0.03 Per Share Excluding Special Items Solid Revenue Despite Lower Aluminum Prices;Continued Record Results in Mid and ...
Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Its products are used worldwide in aerospace, automotive, packaging, oil and gas, building and construction, [4] defense, commercial transportation, consumer electronics, and industrial applications.
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