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 reports developments across its vertically integrated aluminum business, including bauxite mining, alumina refining and primary aluminum production. Company news commonly covers quarterly operating results, production trends in alumina and aluminum, commodity-price effects on profitability, and market commentary provided through earnings releases and industry conference presentations.
Recurring updates also include quarterly cash dividends, debt and liquidity actions involving Alcoa subsidiaries, governance and executive leadership changes, and operational matters at refining and smelting assets. Alcoa’s common stock trades on the NYSE under AA, and the company also references an ASX listing under AAI in its public releases.
Alcoa Corporation will announce its Q2 2021 financial results on July 15, 2021, after market close. The results, along with a related presentation, will be accessible on Alcoa's Investors section of its website. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. EDT, featuring CEO Roy Harvey and CFO William Oplinger. For those unable to attend live, a replay will be available starting from 8:00 p.m. EDT on July 15 until July 22, 2021.
Alcoa Corporation announced that CFO William F. Oplinger will present at Deutsche Bank’s 12th Annual Global Basic Materials Virtual Conference on June 9, 2021. The live audio webcast will start at approximately 11:15 a.m. EDT and can be accessed via the Investors section of Alcoa’s website. A slide presentation will also be available at 7:00 a.m. EDT on the same day. A replay of the session will be accessible by 1:00 p.m. EDT. Alcoa (NYSE: AA) is a leader in bauxite, alumina, and aluminum products, with a legacy spanning 135 years.
Alcoa Corporation (NYSE: AA) announced a project to reduce carbon emissions in alumina refining, receiving $8.8 million from the Australian Renewable Energy Agency. The project will test Mechanical Vapor Recompression (MVR) technology powered by renewable energy to enhance sustainability. If successful, a 3 MW MVR module will be installed at the Wagerup refinery by the end of 2023. MVR could lower carbon emissions by up to 70% and reduce water usage. Alcoa holds provisional patents for MVR applications, aligning with its commitment to sustainable practices.
Alcoa Corporation announces participation in a Q&A session at the Bank of America Securities Global Metals, Mining & Steel Virtual Conference on May 19, 2021, featuring CEO Roy C. Harvey and CFO William F. Oplinger. The live audio webcast begins at approximately 11:40 a.m. EDT and can be accessed via the Investors section of Alcoa's website. A related slide presentation will be available starting May 17 at 5:00 p.m. EDT. A replay of the session will also be accessible post-conference. Alcoa, a leader in aluminum production, emphasizes transparency in future announcements through their website.
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Alcoa Corporation (NYSE: AA) reported strong first quarter 2021 results, reflecting record revenue of $2.87 billion, a 20% sequential increase due to higher prices and shipments of alumina and aluminum. Net income surged to $175 million, an improvement from a loss in the previous quarter. The company’s strategic asset sales, including the $670 million sale of the Warrick rolling mill, further strengthened its balance sheet, ending the quarter with $2.5 billion in cash. Alcoa anticipates continued growth in 2021, driven by increased demand across sectors.
Alcoa Corporation (NYSE: AA) announced the completion of the sale of its rolling mill and related assets in Evansville, Indiana, to Kaiser Aluminum Corporation, finalized on March 31, 2021. The transaction generated approximately $670 million, including Kaiser assuming certain postretirement employee benefit liabilities. Alcoa retains ownership of its smelting capacity and has established agreements with Kaiser for metal supply and leasing. The sale impacts 660 employees at the Warrick site.
Alcoa Corporation is set to announce its first quarter 2021 financial results on April 15, 2021, after the market closes. The press release and related presentation will be accessible on www.alcoa.com. A conference call will follow at 5:00 p.m. EDT to discuss the results, featuring CEO Roy Harvey and CFO William Oplinger as hosts. Domestic and international dial-in numbers are provided for participants. Replay options will also be available post-call through the website and phone.
Alcoa Corporation (NYSE:AA) has successfully closed a $500 million offering of 4.125% senior notes due 2029, guaranteed on a senior unsecured basis by Alcoa and its subsidiaries. The proceeds will fund a $500 million contribution to U.S. pension plans for employees and fully redeem the 6.75% Senior Notes due 2024. This offering enables the conditional redemption of the 2024 Notes and adheres to private placement regulations under the Securities Act. Alcoa has a rich history in aluminum production, relying on innovation and sustainability.
Alcoa Corporation has announced its supply of sustainable aluminum for the Audi e-tron GT wheels, utilizing a groundbreaking technology that eliminates direct carbon emissions from smelting. This aluminum is sourced for RONAL GROUP, integrating ELYSISTM zero-carbon emissions technology and EcoLum™, a low-carbon product. ELYSIS technology replaces traditional carbon anodes with inert materials, showing promise for sustainable aluminum production. This partnership enhances Audi's sustainability efforts while ensuring high-performance alloy wheels made using 100% green electricity in Germany.