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Alcoa Corp - AA STOCK NEWS

Welcome to our dedicated news page for Alcoa (Ticker: AA), a resource for investors and traders seeking the latest updates and insights on Alcoa.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alcoa's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alcoa's position in the market.

News
Alcoa Corporation Reports First Quarter 2024 Results
Rhea-AI Summary
Alcoa reported its first quarter 2024 results, including the acquisition of Alumina and various operational improvements. Revenue was $2.6 billion, with a net loss of $252 million. Alcoa initiated the potential sale of the San Ciprián complex, completed the restart of a potline at Warrick Operations, and announced the curtailment of the Kwinana refinery in Australia. The company also paid a quarterly cash dividend of $0.10 per share and finished the quarter with a cash balance of $1.4 billion.
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Alcoa Schedules First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Alcoa will release its first quarter 2024 financial results on April 17, 2024, after the NYSE trading hours. The financial results will be available on Alcoa's website, with a live webcast and conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.16%
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earnings
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Alcoa Corporation Announces Closing of Inaugural Green Bond Offering
Rhea-AI Summary
Alcoa (NYSE:AA) closes $750 million green bond offering to finance sustainable projects, supporting its transition to a lower carbon economy.
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0.16%
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Alcoa Enters into Binding Agreement to Acquire Alumina Limited
Rhea-AI Summary
Alcoa (AA) enters into a Scheme Implementation Deed with Alumina Limited, recommending shareholders to vote for the transaction, expected to create long-term value for both companies. The Agreement terms involve an all-scrip transaction with Alumina Limited shareholders receiving 0.02854 Alcoa shares per share. The transaction values Alumina Limited at approximately $2.2 billion, with Alcoa owning 68.75% and Alumina Limited shareholders owning 31.25% of the combined company. The deal includes the issuance of CHESS Depositary Interests (CDIs) for Alcoa shares, allowing trading on the Australian Stock Exchange. The transaction is set to be completed in the third quarter of 2024, subject to shareholder and regulatory approvals.
Rhea-AI Impact
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End-of-Day
-2.3%
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Alcoa Announces Agreement With Alumina Limited on Terms and Process to Acquire Alumina Limited in All-Stock Transaction
Rhea-AI Summary
Alcoa (AA) announces an agreement with Alumina Limited (AWC) for the acquisition of Alumina Limited, strengthening Alcoa's position as a leading bauxite and alumina producer. The all-scrip transaction values Alumina Limited at approximately $2.2 billion, with Alumina Limited shareholders receiving 0.02854 Alcoa shares per Alumina Limited share. The acquisition aims to enhance operational flexibility, provide long-term value creation, and increase exposure to Alcoa's global aluminum business.
Rhea-AI Impact
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End-of-Day
-4.45%
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Alcoa Corporation Declares Quarterly Cash Dividend
Rhea-AI Summary
Alcoa Corporation (NYSE: AA) declares a quarterly cash dividend of $0.10 per share for stockholders of record as of March 5, 2024, payable on March 21, 2024.
Rhea-AI Impact
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-0.75%
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dividends
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Alcoa’s President and Chief Executive Officer, William Oplinger to participate in BMO 2024 Global Metals, Mining & Critical Minerals Conference
Rhea-AI Summary
Alcoa Corporation (NYSE: AA) CEO William F. Oplinger to present at BMO Global Metals, Mining & Critical Minerals Conference on February 27, 2024, discussing business, market conditions, and financial outlook. Presentation details available on Alcoa's website.
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Alcoa to supply Nexans with low-carbon aluminum, including metal from ELYSIS™ technology
Rhea-AI Summary
Alcoa (NYSE:AA) has announced 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. The breakthrough ELYSIS™ technology, a partnership that replaces greenhouse gas emissions with oxygen, will be used by Nexans to manufacture various types of cables. The aluminum rod produced from this technology will have lower CO2 emissions, helping to reduce carbon dioxide emissions in the future. This collaboration further strengthens the long-term relationship between the two companies, with Alcoa already supplying Nexans with EcoLum™, a primary aluminum with a carbon footprint nearly three times lower than the industry average. The ELYSIS metal has also been used by Audi and Apple, both investors in the technology. Alcoa's commitment to supplying low-carbon aluminum for the world's transition to renewable energy is evident through this partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Alcoa Corporation Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Alcoa Corporation (NYSE: AA) reported fourth quarter and full year 2023 results, showing progress on key priorities. Revenue for 4Q23 was $2,595M, with a net loss of $(150)M. Full year revenue was $10,551M, with a net loss of $(651)M. Alumina production decreased 1% sequentially, while aluminum production increased 2%. Total third-party revenue was flat sequentially at $2.60B. The company ended 2023 with a cash balance of $944M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
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Alcoa announces curtailment of Kwinana Alumina Refinery in Western Australia
Rhea-AI Summary
Alcoa Corporation (NYSE: AA) plans to fully curtail production at its Kwinana Alumina Refinery in Western Australia in 2024, with the process starting in the second quarter. The refinery, with an annual nameplate production capacity of 2.2 million metric tons, has been operating at approximately 80 percent of its capacity since January 2023. The decision to curtail the facility is based on factors such as its age, scale, operating costs, current bauxite grades, and market conditions. This will result in a phased reduction of the workforce from around 800 employees to approximately 250 by the third quarter of 2024. Alcoa acknowledges the impact on workers, business partners, and the community, expressing gratitude for their support over the refinery's 60-year operation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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Alcoa Corp

NYSE:AA

AA Rankings

#1038 Ranked by Market Cap
#4311 Ranked by Stock Gains
#1767 Ranked by Dividends

AA Stock Data

6.48B
177.84M
1.07%
86.57%
8%
Alumina Refining and Primary Aluminum Production
Manufacturing
Link
US
Pittsburgh

About AA

alcoa (nyse: aa) is a global industry leader in bauxite, alumina and aluminum products, with a strong portfolio of value-added cast and rolled products and substantial energy assets. alcoa is built on a foundation of strong values and operating excellence dating back nearly 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. since inventing the aluminum industry, and throughout our history, our talented alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability and stronger communities wherever we operate.