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 (NYSE: AA) has successfully completed the sale of its 25.1% ownership stake in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden) for a total consideration of approximately $1.35 billion. The transaction includes approximately 86 million Ma'aden shares valued at $1.2 billion and $150 million in cash, which will primarily cover taxes and transaction costs.
The company expects to record a gain of approximately $780 million in other income during Q3 2025. Following the transaction, Alcoa will maintain approximately 2% ownership in Ma'aden's current shares outstanding, with a mandatory three-year holding period. The shares can be sold in thirds after the third, fourth, and fifth anniversaries of the closing, with provisions for hedging and borrowing against the shares during the holding period.
The Ma'aden Joint Venture, established in 2009, operates as an integrated mining complex in Saudi Arabia, comprising the Ma'aden Bauxite and Alumina Company (MBAC) and the Ma'aden Aluminum Company (MAC).
Alcoa Corporation (NYSE: AA) has announced a quarterly cash dividend payment. The company will distribute $0.10 per share for both its common stock and Series A convertible preferred stock. The dividend will be paid on June 6, 2025, to stockholders who are on record as of the market close on May 20, 2025.
Alcoa Corporation (NYSE: AA) has appointed Thomas J. Gorman as non-executive Chairman of the Board, effective May 8, 2025. Gorman, who has served as an independent director since May 2021, succeeds Steven W. Williams, who stepped down after over eight years of service. Gorman brings over 35 years of global business experience, having previously served as CEO of Brambles Ltd. and held senior executive positions at Ford Motor Company. He most recently served as Chair of Alcoa's People and Compensation Committee and was a member of the Governance and Nominating Committee.
Alcoa Corporation (AA) announced that President and CEO William F. Oplinger will participate in the Bank of America Global Metals, Mining & Steel Conference in Barcelona, Spain, on May 14, 2025. The Q&A session will begin at 5:15 a.m. EDT, focusing on Alcoa's business outlook and current market conditions.
A slide presentation will be available on Alcoa's website starting May 13, 2025, at 7:00 a.m. EDT. Investors can access the live audio webcast, transcript, and replay of the session through the "Investors" section of www.alcoa.com.
Alcoa has received a favorable ruling from Australia's Administrative Review Tribunal (ART) regarding a tax dispute with the Australian Taxation Office (ATO). The case centered on transfer pricing of historic third-party alumina sales, with the ART deciding that no additional tax is owed.
Key financial implications:
- Prepaid Amount: $67 million (A$107 million) paid in Q3 2020
- Expected Refund: $67 million (A$107 million) in June 2025 if ATO doesn't appeal
- Future Tax Payment: $216 million (A$343 million) due by June 2026
- Net Cash Impact: $149 million (A$236 million) over 14 months
The ATO has 28 days to appeal the decision. If no appeal is made, the disputed tax claims, including interest and penalties, will be withdrawn.
Alcoa has reported a significant operational disruption at its San Ciprián complex in Spain following a country-wide power outage on April 28. The widespread blackout affected both the facility's refinery and smelter operations.
The aluminum producer is currently conducting a comprehensive assessment to evaluate the full scope of operational and financial impacts on the facility. The company's statement, issued from Pittsburgh, acknowledges the incident but has not yet provided specific details about the extent of the disruption or expected recovery timeline.
Alcoa (NYSE: AA) reported strong first quarter 2025 results with significant sequential improvements. Net income rose 171% to $548 million ($2.07 per share), while Adjusted net income increased 106% to $568 million ($2.15 per share). Revenue reached $3.4 billion, and Adjusted EBITDA grew 26% to $855 million.
The company maintained a solid cash position of $1.2 billion and completed key operational initiatives, including forming a joint venture with IGNIS Equity Holdings to support San Ciprián operations. Alcoa also repositioned its debt through a $1 billion issuance in Australia and $890 million tender of existing debt.
Production metrics showed slight decreases, with Alumina production down 1% to 2.35 million metric tons and Aluminum production declining 1% to 564,000 metric tons. The company incurred approximately $20 million in tariff costs on Canadian aluminum imports due to the 25% U.S. Section 232 tariff effective March 2025.
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