Welcome to our dedicated page for Alcoa Corporation news (Ticker: AA), a resource for investors and traders seeking the latest updates and insights on Alcoa Corporation stock.
Alcoa Corporation (NYSE: AA) is a global leader in the production and management of bauxite, alumina, and aluminum products. Established nearly 130 years ago, Alcoa has been a forerunner in the aluminum industry, continually innovating to make aluminum an affordable and essential part of modern life. The company operates in three segments: Bauxite, Alumina, and Aluminum, with the majority of revenue generated from the Aluminum segment. Alcoa is committed to sustainability, efficiency, and community strength, leveraging its substantial energy assets and extensive portfolio of value-added cast and rolled products. Recent initiatives include the curtailment of its Kwinana Alumina Refinery in Australia, the acquisition of Alumina Limited, and continued advancements in its ELYSIS™ technology, which aims to produce aluminum with zero direct greenhouse gas emissions.
Alcoa's business operations span the entire aluminum value chain, from bauxite mining and alumina refining to the production of primary aluminum. The company has a strong presence in both the U.S. and global markets, with significant contributions from its operations in Australia, Brazil, and Europe. Financially, Alcoa has shown resilience, adapting to market conditions and focusing on long-term profitability and shareholder value. The company's partnerships, including those with ELYSIS™ and Nexans, emphasize its commitment to sustainability and innovation in the aluminum industry. Alcoa's forward-looking strategies are geared towards enhancing operational efficiency, reducing environmental impact, and driving technological advancements.
Alcoa Corporation (NYSE: AA) has announced an amendment to its Revolving Credit Facility, establishing a new $1.25 billion agreement with enhanced terms, including sustainability-linked metrics. This facility, maintained by a syndicate of banks through Alcoa Nederland Holding B.V., extends its maturity from November 2023 to June 2027. Key benefits include increased flexibility for dividends and investments, as well as improved sustainability metrics to reduce carbon emissions. Alcoa remains committed to achieving net-zero emissions by 2050.
Alcoa Corporation (NYSE: AA) plans to announce its second quarter 2022 financial results on July 20, 2022, after market close. A related presentation will be available on their website. The conference call to discuss these results will start at 5:00 p.m. EDT. Domestic and international callers can join via provided numbers. The call will be webcast live on the company's site and available for replay until July 27, 2022.
Alcoa aims to lead in aluminum innovation and sustainability, emphasizing integrity and operational excellence.
Alcoa Corporation (NYSE: AA) announced a $51 million project to boost production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year, increasing the total capacity to 214,000 mtpy by the end of 2026. The project will enhance electrical infrastructure and anode production processes, sustaining Alcoa's commitment to high-quality, low-carbon aluminum. The Mosjøen facility is powered entirely by renewable energy, producing EcoLumTM and EcoDuraTM aluminum products with low carbon emissions.
Alcoa Corporation (AA) has announced a partnership with Hellenic Cables S.A., one of Europe’s largest cable producers, to supply low-carbon EcoLum™ aluminum. This collaboration aims to support Hellenic's commitment to sustainable energy transmission and distribution. EcoLum, produced at hydroelectric-powered smelters, boasts emissions of no more than 4.0 metric tons of CO2e per ton of aluminum. Alcoa reports a three-fold annual increase in demand for its low-carbon Sustana products, indicating a growing market for sustainable materials.
Alcoa Corporation (NYSE: AA) announced that CFO William F. Oplinger will participate in a Q&A session at the Deutsche Bank 13th Annual Global Materials Conference in New York on June 9, 2022, at 9:45 a.m. EDT. The session will cover the company’s market outlook and other important matters. A live audio webcast and a slide presentation will be available on Alcoa's website starting at 7:00 a.m. EDT on the same day, along with a transcript and audio replay post-event. Alcoa aims to innovate sustainably in the aluminum sector.
Alcoa Corporation (NYSE: AA) announced a long-term renewable energy contract with Greenalia to support the planned restart of aluminum smelting at the San Ciprián smelter in Spain in 2024. The agreement, set to begin in 2024 and extend to 2033, aims to provide up to 183 megawatts, covering approximately 45% of the smelter's energy needs. This development comes after a two-year curtailment due to high energy prices, and highlights Alcoa's commitment to secure power agreements and improve operations at the site.
Alcoa Corporation (NYSE: AA) will participate in the Bank of America Securities 2022 Global Metals, Mining & Steel Conference on May 17, 2022, at 4:00 p.m. in Miami, Florida. The session will feature Roy C. Harvey and William F. Oplinger discussing the company's market outlook. A real-time audio webcast will be accessible on Alcoa's website, with a slide presentation available from 7:00 a.m. EDT the same day. A transcript and replay will follow post-session.
Alcoa Corporation (NYSE: AA) has declared a quarterly cash dividend of $0.10 per share. This dividend will be distributed on June 3, 2022, to shareholders who are on record as of May 17, 2022. Alcoa, a leader in the aluminum industry, aims to drive sustainability and operational excellence. The company continues to focus on innovative processes to enhance efficiency and community strength.
Alcoa Foundation has partnered with the International Union for Conservation of Nature (IUCN) to explore how ecosystem restoration can enhance biodiversity and local community benefits. Funded by a
FAQ
What is the current stock price of Alcoa Corporation (AA)?
What is the market cap of Alcoa Corporation (AA)?
What are Alcoa Corporation's main business segments?
What recent initiatives has Alcoa undertaken?
What is ELYSIS™ technology?
How does Alcoa contribute to sustainability?
Where does Alcoa generate most of its revenue?
What is Alcoa's approach to community engagement?
Why is Alcoa curtailing its Kwinana Alumina Refinery?
What financial strategies does Alcoa employ?
Who are Alcoa's major partners?
How does Alcoa plan to enhance its operational efficiency?
