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 Corp (NYSE: AA) is a global leader in aluminum production, spanning bauxite mining, alumina refining, and primary metal manufacturing. This page serves as a comprehensive resource for tracking the company’s official announcements, strategic initiatives, and market developments.
Investors and industry stakeholders will find timely updates on earnings reports, operational milestones, sustainability efforts, and leadership changes. Our curated collection ensures access to Alcoa’s press releases and verified news articles, providing clarity on factors influencing the aluminum sector and AA’s position within it.
Key focuses include production innovations, commodity market trends, and Alcoa’s initiatives in energy efficiency and circular manufacturing. Bookmark this page to stay informed on critical developments affecting one of the industry’s most vertically integrated producers.
Alcoa Corporation (NYSE: AA) reported strong first quarter 2022 results with record net income of $469 million ($2.49 per share) and adjusted net income up 21% to $577 million ($3.06 per share). The company's Adjusted EBITDA reached $1,072 million, a 20% sequential increase, driven by higher aluminum prices.
Alcoa concluded the quarter with a cash balance of $1.6 billion and repurchased $75 million in shares. The company anticipates higher third-party prices for alumina and aluminum in Q2, despite facing increased costs of approximately $115 million.
Alcoa Corporation (AA: NYSE) has signed a supply agreement to deliver low-carbon EcoLum™ aluminum to Speira, enhancing its sustainability initiatives. EcoLum, part of Alcoa's Sustana™ product line, promises significant carbon emissions reduction, with a footprint three and a half times better than the global average. The partnership aims to meet rising demand for eco-friendly products, especially in Europe, with expectations of tripling sales for EcoLum and EcoDura in 2022. Over 80% of Alcoa's operations utilize renewable energy, aligning with its net-zero greenhouse gas ambitions by 2050.
Alcoa Corporation (NYSE: AA) has secured $7.7 million in funding from Australian governments to pilot new carbon reduction technology as part of its Refinery of the Future initiative. The funds include $6.4 million from the Australian Renewable Energy Agency (ARENA) and $1.3 million from the Clean Energy Future Fund. The project aims to explore electric calcination, which could significantly cut carbon emissions and save water. The pilot will start in 2023 and is part of Alcoa's broader goal to decarbonize alumina refining.
Alcoa Corporation (NYSE: AA) has achieved provisional certification from the Aluminium Stewardship Initiative (ASI) for its Massena facility in New York, recognized for its commitment to sustainability. This facility, operational since 1902, boasts a capacity of 130,000 metric tons, powered entirely by renewable hydroelectricity. With this certification, Alcoa now has 16 facilities certified by ASI globally. The certification underscores Alcoa's goal of promoting sustainable aluminum production, aligning with core objectives of operational efficiency and product differentiation.
Alcoa Corporation (NYSE: AA) will announce its Q1 2022 financial results on April 20, 2022, post-market. The earnings report and presentation will be available on Alcoa's website. A conference call, led by CEO Roy Harvey and CFO William Oplinger, will be held at 5:00 p.m. EDT to discuss the results. Replay of the call will be available until April 27, 2022. Alcoa aims to drive sustainable growth in the aluminum sector.
Alcoa Corporation (NYSE: AA) has completed a $47 million capital project at its Deschambault aluminum smelter in Quebec, Canada. This upgrade includes the installation of a third electrical transformer, enhancing the site's efficiency and production capacity. The project also features upgraded environmental equipment to ensure compliance while increasing aluminum output. Additionally, the Canadian government contributed CA$10 million toward the initiative. With a consolidated capacity of 946,000 metric tons per year across its Canadian smelters, Alcoa aims to meet growing demand for sustainably produced aluminum.
Alcoa Corporation (NYSE: AA) has declared a quarterly cash dividend of $0.10 per share, scheduled for payment on March 24, 2022, to stockholders of record as of March 8, 2022. This announcement underscores Alcoa's commitment to returning value to its shareholders while maintaining its leadership in the aluminum industry. The company continues to focus on sustainability and innovation as it seeks to transform the sector.
Alcoa Corporation (NYSE:AA) announced participation in two investor conferences featuring key executives, including Roy C. Harvey, William F. Oplinger, and Benjamin D. Kahrs. On February 28, 2022, Oplinger and Kahrs will engage in a virtual Q&A session at the Deutsche Bank 2022 Global ESG Conference, focusing on company progress and industry trends. The next day, March 1, 2022, Harvey will present at the BMO 31st Global Metals & Mining Conference in Hollywood, Florida, discussing Alcoa's business transformation and market outlook. Webcasts will be available on Alcoa's website.
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