On Friday, Shares of Alcoa Inc. (NYSE:AA), lost -0.25% to $12.06, hitting its lowest level.
On June 4, Alcoa, declared that it is supplying a high-strength, aerospace-grade aluminum to Samsung for its latest smartphones —the Galaxy S6 and S6 edge. This marks the first time the global electronic giant will use an aluminum frame for its Galaxy S flagship model. The Company’s aerospace-grade aluminum, 6013 Alcoa Power Plate™, is 70 percent stronger than standard aluminum used in similar devices, creating a thinner, lighter, sleeker design.
“When we designed the metal framed Galaxy S6 and S6 edge, it was important to find a strong yet light metal that would create a device capable of exciting our customers,” said DJ Koh, CTO and Executive Vice President of Mobile Communication Business at Samsung Electronics. ”Alcoa’s Power Plate is the perfect fit to create the phones that our customers want: thinner, lighter, and stronger.”
Smartphones with metal frames are predictable to grow almost 250 percent by 2016 from 2014, creating stronger demand for aluminum to protect mobile devices. Developed by Alcoa Technical Center scientists, innovators in metal science, the Alcoa Power Plate aerospace-grade aluminum combines advanced strength and corrosion resistance for products that require superior durability.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Shares of AK Steel Holding Corporation (NYSE:AKS), inclined 3.89% to $5.07, during its last trading session.
On June 1, AK Steel Holding Corporation, declared plans to introduce one of the first commercially accessible Next-Generation Advanced High Strength Steels in the world. The new technology produces significantly improved formability at higher ultimate tensile strength levels, which provides automotive customers greater opportunities for lightweighting.
The $29 million project comprises modifying the current Hot Dip Galvanizing Line (HDGL) at AK Steel’s Dearborn Works, using new process technology to produce both coated and cold-rolled Next- Generation Advanced High Strength Steels on the same line. Modification of the HDGL is predictable to be accomplished by the Fall of 2016, with new products being shipped to customers by early 2017.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, The Western Union Company (NYSE:WU), ended its last trade with -1.08% loss, and closed at $21.47.
The preference for the power of funds-in-hand fast for those who receive domestic money transfers continues to drive payout preferences in the U.S., according to The Western Union Company, a leader in global payment services. This remains true even as the senders initiating these transactions use a combination of Western Union’s omni-channels (retail, online and mobile) to send funds to family and loved ones.
The “receive and spend” culture of the U.S. mirrors the traits of international remittance receivers, where the benefit of receiving money often needs to be realized quickly. Nearly 70 percent of money sent through Western Union in the United States is picked up by receivers on the same day, with nearly one-third picking it up within one hour. Globally, nearly 70 percent of payouts made by Western Union are picked up by receivers in major remittance receiving countries within 24 hours as well.
Both practical and emotional reasons remain key motivators for money transfer senders to select faster pay-out methods for their receivers—even when the senders and/or receivers are banked, according to Western Union analysis of intra-U.S. money transfer research.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
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