Welcome to our dedicated page for Alcoa news (Ticker: AA), a resource for investors and traders seeking the latest updates and insights on Alcoa stock.
Alcoa Corporation (NYSE: AA, ASX: AAI) generates a steady flow of news tied to its role in bauxite mining, alumina refining, and primary aluminum production. Investors following AA news see updates on operating performance, portfolio changes, technology initiatives, and capital allocation decisions that affect the company’s position along the aluminum value chain.
Regular earnings releases and conference calls provide detail on alumina and aluminum production, shipments, revenue, and cash flows, along with commentary on restructuring charges, asset optimization, and market conditions. Current reports on Form 8-K often accompany these announcements, furnishing press releases that summarize quarterly results or describe significant events such as asset closures and joint venture transactions.
Alcoa news also covers strategic moves in its asset base, including decisions to permanently close facilities such as the Kwinana alumina refinery in Western Australia, and agreements to sell interests in joint ventures like the Ma’aden partnership. These items help investors understand how Alcoa adjusts its portfolio in response to factors such as age, scale, operating costs, and resource quality.
Another important category of AA news involves technology and low-carbon initiatives. The company participates in the ELYSIS carbon-free smelting technology partnership and has highlighted the first use of aluminum produced with this process in consumer personal and home care packaging. In addition, Alcoa has reported on a gallium critical mineral development project at its Wagerup alumina refinery, supported by the United States and Australian governments and a joint venture with Japanese partners.
Capital and financing developments appear in Alcoa’s news flow as well, including the planned redemption of subsidiary notes and the declaration of quarterly cash dividends. Updates on long-term energy contracts, such as the agreement with the New York Power Authority for Massena Operations, and announcements about Investor Day events and participation in industry conferences, provide further context. For a consolidated view of these topics, readers can use this news page as a reference for Alcoa’s ongoing operational, financial, and strategic disclosures.
Alcoa Corporation (NYSE: AA) has announced the acquisition of group annuity contracts to transfer approximately
Alcoa (NYSE:AA) expands its EcoSource™ low-carbon alumina brand to include non-metallurgical alumina grades, enhancing its product portfolio. Originally launched in 2020 for smelter-grade applications, EcoSource now offers hydrates for municipal water treatment and calcined materials for ceramics and glass industries. Alcoa aims to support customers' sustainability goals with a carbon dioxide equivalent intensity below 0.6 tons per ton of alumina produced. EcoSource is part of the Sustana™ family, the industry's only brand comprising alumina, primary aluminum, and recycled aluminum, certified by the Aluminium Stewardship Initiative.
Alcoa Corporation announced a temporary reduction in alumina refinery production by 25% for approximately 10 days due to a failure in its two-belt conveyance system at the Alumar facility in Brazil. The failure occurred on March 25, 2023, impacting material unloading while the pier remains operational. The refinery, with a nameplate capacity of 3,860,000 metric tons per year (mtpy), will rely on existing inventories during this period and explore alternative delivery methods for raw materials. Alcoa owns a 14.4% stake in the Alumar refinery, which is operated as a joint venture.
Alcoa Corporation (NYSE: AA) will announce its first quarter 2023 financial results on
Alcoa Corporation (NYSE:AA) announced the closure of its Intalco aluminum smelter in Washington State, which has been idle since 2020. The site, operational for nearly 55 years, will undergo preparation for new economic development, as it is deemed uncompetitive long-term. Alcoa will incur restructuring costs of approximately $120 million and expects cash outlays of around $85 million over the next three years. The closure reduces Alcoa's global capacity to 2.69 million metric tons. A nearby company, AltaGas, has acquired rights to develop 1,600 acres at the site, aiming for sustainable development that aligns with local climate goals.
Alcoa Corporation (NYSE: AA) announced a significant reduction in production at its Portland Aluminium smelter in Victoria, Australia, due to operational instability. The smelter will now operate at approximately 75% of its total capacity of 358,000 metric tons per year, down from nearly 95%. Alcoa's share of the capacity is 197,000 metric tons per year. The instability arises from production issues related to rodded anodes, critical for electric smelting. Alcoa emphasizes the importance of safely managing the offline production process to restore stability.
Alcoa Corporation (NYSE: AA) has declared a quarterly cash dividend of
Alcoa (NYSE: AA) has announced the termination of its joint development project with FYI Resources Ltd for the production of high-purity alumina (HPA). Despite a successful pilot phase with a $5 million investment, Alcoa decided not to continue due to strategic considerations. The project aimed to develop materials for applications in LED lighting and synthetic sapphires.
All intellectual property rights and related assets from the project remain accessible to Alcoa. This decision marks a pivotal moment for the company as it reassesses its development pathways in the HPA market.
Alcoa Corporation (NYSE: AA) will have its CEO, Roy C. Harvey, present at the BMO Capital Markets 32nd Global Metals, Mining and Critical Minerals Conference on February 28, 2023, at 9:30 a.m. EST in Hollywood, Florida. The presentation will cover Alcoa's business overview and market outlook, followed by a Q&A session. A live audio webcast can be accessed via the Investors section on Alcoa's website. A slide presentation will also be available from 7:00 a.m. EST on February 27, 2023. Post-event, a transcript and audio replay will be accessible on the same platform.
Alcoa Corporation (NYSE: AA) has reached an agreement with workers at its San Ciprián complex in
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