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 has agreed to sell its rolling mill business at Warrick Operations to Kaiser Aluminum Corporation for approximately $670 million, comprising $587 million in cash and $83 million in liabilities. The sale is part of Alcoa's strategy to divest non-core assets and generate between $500 million and $1 billion in cash. Post-sale, Alcoa anticipates annual revenue declines of $800 million and net income drops of $45 million to $55 million. The transaction is expected to close by the end of Q1 2021.
Alcoa Corporation has announced that CFO William F. Oplinger will participate in a Q&A session at the Bank of America 2020 Leveraged Finance Virtual Conference on December 1, 2020, at 10:30 a.m. EST. Investors can access the live audio webcast via Alcoa’s website, starting from 8:00 a.m. for a related slide presentation. An audio replay will also be available afterward. Alcoa, a leader in aluminum products, emphasizes its commitment to financial transparency and operational excellence.
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Alcoa Corporation announced that CFO William F. Oplinger will participate in a Q&A session at the virtual Goldman Sachs Global Metals & Mining Conference on November 19, 2020, at 9:00 a.m. EST. The session will be accessible via a live audio webcast on Alcoa's website, with a slide presentation available starting at 7:00 a.m. EST on the same day. An audio replay will be offered after the session. Alcoa is a leader in bauxite, alumina, and aluminum products, with a legacy of innovation and operational excellence.
Alcoa Corporation (NYSE: AA) reported its third quarter 2020 results, highlighting improved alumina and aluminum pricing, generating $158 million in cash from operations and $84 million in free cash flow. The cash balance grew to $1.74 billion aided by a $750 million debt issuance. Although the company showed a net loss of $49 million, it marked an improvement from $197 million in Q2 2020. The company expects a total of $900 million in cash savings in 2020, while also planning for curtailments and production adjustments due to operational changes and market conditions.
Alcoa (NYSE:AA) is set to curtail operations at its San Ciprián aluminum smelter in Spain, impacting around 530 employees. This decision follows extensive consultations and reflects the smelter's uncompetitive position due to factors like high energy costs and global aluminum overcapacity. The curtailment will be completed by Q1 2021, with ongoing operations for about 100 employees in the casthouse. Alcoa anticipates restructuring charges of $35 million to $40 million in Q4 2020. Year-to-date losses at the plant total approximately $45 million, contributing to a cumulative loss of $126 million in 2018 and 2019.
Alcoa's consultation process regarding the San Ciprián aluminum plant in Spain concluded on September 28, 2020, without an agreement with workers. The company has 15 days to decide on the plant's future, which has a capacity of 228,000 metric tons annually. Alcoa had previously explored a potential sale to GFG Alliance but negotiations failed. Due to ongoing financial losses at the aluminum plant, a reorganization plan was initiated in June 2020, recommending curtailment while maintaining part of the facility's operations.