Articles from Alcoa

Alcoa Corporation (NYSE: AA; ASX: AAI) today reported fourth quarter and full year 2024 results that demonstrate significant improvements in financial performance on continued strength in alumina and aluminum pricing and considerable advances in operational stability.

Today, Alcoa Inespal SL, a subsidiary of Alcoa Corporation (NYSE: AA, ASX: AAI) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group along with the Spanish National Government and the Xunta de Galicia, announced that they have entered into a Memorandum of Understanding (MoU) to support the continuation of San Ciprián operations.

Alcoa Corporation (NYSE: AA; ASX: AAI) plans to announce its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the fourth quarter and full year 2024 financial results on January 22, 2025, at 5:00 p.m. EST (January 23, 2025, at 9:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com.

Alcoa Corporation (NYSE: AA, ASX: AAI) today announced that it has joined the World Economic Forum’s First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050.

Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a live webcast session at the Citi 2024 Basic Materials Conference in New York City, New York on Wednesday, December 4, 2024.

Alcoa Corporation (NYSE: AA; ASX: AAI) welcomes the U.S. Treasury Department’s final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act (IRA).

Alcoa Corporation (NYSE: AA; ASX: AAI) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items.

Today, Alcoa Corporation (NYSE: AA, ASX: AAI) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement (the “partnership”) to support the continued operation of Alcoa’s San Ciprián operations.

Alcoa Corporation (NYSE: AA; ASX: AAI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024.

Alcoa Corporation (NYSE: AA; ASX: AAI) today announced an agreement to supply up to 16.5 million tonnes of smelter grade alumina to Aluminium Bahrain B.S.C. (Alba) over 10 years.

Alcoa Corporation (NYSE: AA; ASX: AAI) plans to announce its third quarter 2024 financial results on Wednesday, October 16, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the third quarter financial results on October 16, 2024, at 5:00 p.m. EDT (October 17, 2024, at 8:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com.

Alcoa (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) announced today that it has entered into a binding share purchase and subscription agreement (the “Agreement”) with Saudi Arabian Mining Company (“Ma’aden”), under which Alcoa will sell its full ownership interest of 25.1% in the Ma’aden Joint Venture to Ma’aden for approximately $1.1 billion. The transaction consideration comprises approximately 86 million shares of Ma’aden (valued at ​$950 million based on the volume-weighted average share price of Ma’aden for the last 30 calendar days as of September 12, 2024) and $150 million in cash.

Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in two investor conferences, engaging in question-and-answer sessions regarding Alcoa’s business and outlook in the current market, including factors that could affect the present quarter’s financial results.

Alcoa Corporation (NYSE: AA, ASX: AAI) today announced a transition in its Investor Relations leadership, appointing Louis Langlois, senior vice president, Treasury and Capital Markets effective September 1, 2024. Mr. Langlois will assume responsibility for the Company’s investor relations and pension investment functions from Jim Dwyer, vice president, Investor Relations and Pension Investments, who will retire on September 1 after more than 30 years of service. Mr. Langlois is currently senior vice president and treasurer. He will continue to report to Executive Vice President and Chief Financial Officer Molly Beerman.

Alcoa Corporation (NYSE: AA, ASX: AAI) has issued its 2023 Sustainability Report, detailing the Company’s progress on its strategic long-term sustainability goals.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock and Series A convertible preferred stock, to be paid on August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. In connection with the Company’s acquisition of Alumina Limited, the Series A convertible preferred stock was created and will be issued at the closing of that transaction, expected on August 1, 2024.

Alcoa Corporation (NYSEAA) today reported results for the second quarter 2024 consistent with the Company’s previously announced preliminary results that reflect sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices, along with continued progress on profitability improvement programs.

Alcoa Corporation (NYSEAA) (“Alcoa” or the “Company”) today announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited (“Alumina”) by way of a scheme of arrangement ("Scheme").

Alcoa Corporation (NYSEAA) today released preliminary second quarter 2024 results ahead of its Special Meeting of Stockholders to be held on July 16, 2024 in connection with its announced acquisition of Alumina Limited. The preliminary results include sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices.

Alcoa Corporation (NYSEAA) today announced further progress on ELYSIS technology with Rio Tinto’s plans to launch the first industrial-scale demonstration of the breakthrough technology, which eliminates all greenhouse gas (GHG) emissions from the traditional smelting process and produces oxygen as a byproduct.

Alcoa Corporation (NYSEAA) plans to announce its second quarter 2024 financial results on Wednesday, July 17, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the second quarter financial results on July 17, 2024, at 5:00 p.m. EDT, and the call will be webcast live via Alcoa's website, www.alcoa.com.

Alcoa Corporation (NYSE: AA or “Alcoa”) today announced that it has reached several key milestones in its acquisition of Alumina Limited (“Alumina”) and expects the transaction to be completed on or about August 1, 2024, subject to the satisfaction of customary conditions.

Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a webcast session at the JP Morgan 2024 Energy, Power & Renewables Conference in New York, New York, on Tuesday, June 18, 2024.

Alcoa Corp. (NYSE: AA or “Alcoa”) today announced it has entered into a Deed of Amendment and Restatement (the “Amendment”) of the Scheme Implementation Deed previously announced March 11, 2024 (the “Agreement”) with Alumina Limited in relation to the acquisition of Alumina Limited (the "Scheme"). Alumina Limited shareholders will continue to receive the previously announced Scheme Consideration of 0.02854 New CHESS Depositary Interests (“New Alcoa CDIs") or equivalent for each Alumina Limited share (the “Agreed Ratio”). Each New Alcoa CDI represents a unit of beneficial ownership in a share of Alcoa common stock. Alumina Limited shareholders will be able to trade Alcoa common stock via the New Alcoa CDIs, which will be listed on the Australian Securities Exchange (“ASX”).

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 7, 2024 to stockholders of record as of the close of business on May 21, 2024.

Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a webcast session at the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida, on Tuesday, May 14, 2024.

Alcoa Corporation (NYSEAA) today reported results for the first quarter 2024, a period that included the announced acquisition of Alumina Limited and continued action on near-term improvements.

Alcoa Corporation plans to announce its first quarter 2024 financial results on Wednesday, April 17, 2024, after the close of trading on the New York Stock Exchange.

Alcoa Corporation (NYSEAA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031 (the “notes”). The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.

Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction process deed (“Process Deed”).

Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into an agreement with Alumina Limited (ASX: AWC) on terms and process for the acquisition of Alumina Limited, subject to entry into a scheme implementation agreement.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on March 21, 2024 to stockholders of record as of the close of business on March 5, 2024.

Alcoa Corporation (NYSEAA) announced today that William F. Oplinger, President and Chief Executive Officer, will present at the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida on February 27, 2024.

Alcoa (NYSEAA) announced today that it will supply global cable producer Nexans with aluminum produced from a revolutionary process that eliminates all direct greenhouse gas emissions from the traditional smelting process.

Alcoa Corporation (NYSEAA) today reported fourth quarter and full year 2023 results that demonstrate progress on key priorities.

Alcoa Corporation (NYSEAA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter.

Alcoa Corporation plans to announce its fourth quarter and full year 2023 financial results on Wednesday, January 17, 2024, after the close of trading on the New York Stock Exchange.

Alcoa Corporation (NYSEAA) today announced that it has appointed Matt Reed as Alcoa’s Executive Vice President and Chief Operations Officer, effective January 1, 2024.

Alcoa Corporation (NYSEAA) welcomes the U.S. Treasury Department’s (Treasury) announced guidance on Section 45X of the Advanced Manufacturing Tax Credit, enacted as part of the Inflation Reduction Act (IRA).

Alcoa Corporation (NYSEAA) today welcomed decisions from the Western Australian (WA) Government that will allow the Company to continue bauxite mining and downstream alumina refining in the State, while also pledging to enhance the way it operates to meet evolving requirements and expectations.

As part of a planned series of meetings with key stakeholders, representatives of the Spanish operating subsidiaries of Alcoa Corporation (NYSEAA) will be meeting this week with representatives of the national and regional authorities in Spain to discuss financial losses at the San Ciprián complex, which consists of an alumina refinery and an aluminum smelter.

Alcoa Corporation (NYSEAA) announced today that William F. Oplinger, President and Chief Executive Officer, will participate on November 16, 2023, at the Goldman Sachs Metals and Mining Conference in New York, New York.

Alcoa Corporation (NYSEAA) today reported third quarter 2023 results that include increased third-party shipments in the Company’s two segments and a sequential improvement in cash generated from operations despite lower sequential average realized prices for alumina and aluminum.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on November 17, 2023 to stockholders of record as of the close of business on October 31, 2023.

Alcoa Corporation plans to announce its third quarter 2023 financial results on Wednesday, October 18, after the close of trading on the New York Stock Exchange.

Alcoa Corporation (NYSEAA) (the “Company”) announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors.

Alcoa Corporation announced today that Molly S. Beerman, Executive Vice President and Chief Financial Officer, will participate on Tuesday, September 12, 2023, at the Morgan Stanley 11th Annual Laguna Conference in Dana Point, California.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on August 24, 2023 to stockholders of record as of the close of business on August 8, 2023.

Alcoa Corporation (NYSEAA) today announced that it has named Renato Bacchi as Executive Vice President and Chief Commercial Officer, effective August 1, 2023. The company’s current Chief Commercial Officer, Kelly Thomas, will leave to pursue a career opportunity outside of Alcoa.

Alcoa Corporation (NYSEAA) today reported second quarter 2023 results that included higher sequential revenue as increased shipments outweighed lower average realized pricing.

Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange.

Alcoa Corporation (NYSEAA) has issued its 2022 Sustainability Report, which details the Company’s continued progress on Environmental, Social and Governance (ESG) initiatives.

Alcoa announced today that the Portland Aluminium joint venture in Victoria, Australia, which Alcoa operates, has been recognized for its environmental, social and governance (ESG) performance by the Aluminium Stewardship Initiative.

Alcoa Corporation announced today that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States.

Alcoa (NYSEAA) and Emirates Global Aluminium (EGA) announced today a new multi-year agreement for Alcoa to supply EGA with smelter grade alumina.

Alcoa Corporation announced today that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations.

Alcoa Corporation President and Chief Executive Officer Roy C. Harvey will participate in a session at the Bank of America Global Metals, Mining & Steel Conference in Barcelona, Spain, on Wednesday, May 17, 2023.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 2, 2023 to stockholders of record as of the close of business on May 16, 2023.

Alcoa Corporation (NYSEAA) today reported first quarter 2023 results that included sequential improvements in key earnings metrics, a strong cash balance, and a quarterly cash dividend payment.

Alcoa Corporation today announced the purchase of group annuity contracts that will facilitate the transfer of approximately $235 million of pension obligations and assets associated with defined benefit pension plans for certain Canadian retirees and beneficiaries.

Alcoa (NYSEAA) today announced the expansion of the Company’s EcoSource™ low-carbon alumina brand to now include certain grades of non-metallurgical alumina.

Alcoa Corporation announced today that engineering crews are working now to support repairs on a two-belt system that conveys raw materials from the pier at Alumar, the Aluminum Consortium of Maranhão in Brazil.

Alcoa Corporation plans to announce its first quarter 2023 financial results on Wednesday, April 19, after the close of trading on the New York Stock Exchange.

Alcoa Corporation (NYSEAA) today announced the closure of its Intalco aluminum smelter in Washington State, which has been fully idle since 2020.

Alcoa Corporation (NYSEAA) today announced that the Portland Aluminium smelter in the state of Victoria in Australia will begin to immediately reduce its overall production due to operational instability.

Alcoa Corporation (NYSEAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on March 23, 2023 to stockholders of record as of the close of business on March 7, 2023.

Alcoa (NYSEAA) announced today that its subsidiary Alcoa of Australia Limited (AoA) has terminated a joint development project with FYI Resources Ltd (ASX: FYI) for high-purity alumina (HPA).

Alcoa Corporation (NYSEAA) announced today that Roy C. Harvey, President and Chief Executive Officer, will present at the BMO Capital Markets 32nd Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida, beginning at 9:30 a.m. EST on Tuesday, February 28, 2023. Harvey’s presentation will review Alcoa’s business and the Company's outlook in the current market and will be followed by a brief question and answer session.

Alcoa Corporation (NYSEAA) today announced that a majority of the workers at its San Ciprián complex in Spain have agreed to an improved plan for the restart of the aluminum smelter in 2024.

Alcoa Corporation (NYSEAA) today reported fourth quarter and full year 2022 results, ending a year in which Alcoa maintained a strong balance sheet, provided capital returns to stockholders, and advanced sustainably through strategic restarts of capacity and progression of its breakthrough technologies.

Alcoa Corporation (NYSEAA) today announced a restructuring of its Executive Leadership Team to further improve the Company’s rigorous focus on operational excellence, cost, and innovation.

Alcoa Corporation plans to announce its fourth quarter and full year 2022 financial results on Wednesday, January 18, 2023, after the close of trading on the New York Stock Exchange.

Alcoa (NYSEAA) has been recognized as a leader for environmental, social, and governance (ESG) performance with its most recent inclusion in the S&P Dow Jones Sustainability Indices (DJSI).

Alcoa Corporation (NYSEAA) announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question-and-answer session at the Goldman Sachs Global Metals & Mining Conference in New York beginning at 9:45 a.m. Eastern Standard Time (EST) on Wednesday, November 16, 2022.

Alcoa Corporation (NYSEAA) today reported third quarter 2022 financial results that reflect lower sequential average realized prices for alumina and aluminum, coupled with higher costs for energy and key raw materials.