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) announced that William F. Oplinger, Executive Vice President and CFO, will participate in the Jefferies Base Metals & Battery Materials Summit on September 21, 2021, at 1:30 p.m. EDT. The virtual session will feature business insights and a Q&A segment. Investors can view the real-time webcast on Alcoa's website, www.alcoa.com. A slide presentation and audio replay will also be available post-session. Alcoa, a leader in aluminum production, continues to emphasize transparency through various communication channels.
Alcoa Corporation (NYSE:AA) announced that William F. Oplinger, the Executive Vice President and CFO, will participate in two investor conferences this month. The first is the Credit Suisse 34th Annual Basic Materials Conference on September 13 at 11:00 a.m. EDT, followed by the Morgan Stanley 9th Annual Laguna Conference on September 14 at 8:15 a.m. EDT. Real-time audio webcasts for both sessions will be available on Alcoa's website. A slide presentation will be available starting September 10 at 7:00 a.m. EDT.
Alcoa Corporation (NYSE: AA) has announced the **certification** of its **Deschambault** and **Aluminerie de Bécancour** smelters in Canada by the **Aluminium Stewardship Initiative (ASI)**, confirming adherence to sustainable manufacturing processes. With this, all three Canadian smelters are now ASI-certified, following the **Baie Comeau** smelter's certification in 2019. In total, Alcoa has achieved Performance Standard certifications for **15 locations**, including various bauxite mines and alumina refineries, enhancing its sustainability efforts and operational footprint.
Alcoa Corporation (NYSE: AA) announced that its subsidiary, Alcoa Nederland Holding B.V., will redeem all $500 million of its 7.00% notes due in 2026. The redemption date is set for September 30, 2021, at a price of 103.500% of the principal amount, plus accrued interest. Funding for this redemption will come from Alcoa's substantial cash balance, which was $1.65 billion as of June 30, 2021. This move reflects Alcoa's commitment to financial management and cost control in the industry.
Alcoa Corporation (NYSE: AA) reported a record quarterly net income of $309 million and earnings per share of $1.63 for Q2 2021, benefiting from strong aluminum pricing and improved customer demand. Adjusted EBITDA rose 19% sequentially to $618 million. Noteworthy financial actions included reducing total debt to $2.3 billion and a significant cash balance of $1.65 billion. The company sold its Eastalco site for $100 million and anticipates continued growth in 2021 amidst inflationary pressures. The outlook remains strong for the Aluminum segment with expected double-digit growth.
Alcoa Corporation (NYSE: AA) has announced a supply agreement to provide its low-carbon EcoLumTM aluminum to WKW Extrusion’s Erbslöh Aluminium for the NEWTRAL® brand of semi-finished extrusion alloys. The collaboration aims to reduce carbon emissions in diverse sectors, including automotive and consumer electronics. EcoLum, part of Alcoa’s Sustana™ line, offers a impressive carbon footprint, with maximum emissions of 4.0 metric tons CO2e per ton produced. This partnership highlights the increasing demand for sustainable aluminum solutions in manufacturing.
Alcoa Corporation (NYSE: AA) has successfully sold a 2,100-acre land parcel in Frederick County, Maryland, previously housing the Eastalco smelter, for $100 million in cash. The transaction, finalized on June 23, 2021, with Eastalco Aluminum Company selling to a joint venture of Quantum Loophole and TPG Real Estate Partners, is expected to yield a gain of approximately $90 million in Q2 2021 for Alcoa. The site is set for redevelopment into a next-generation data center community, aligning with local employment goals and sustainable practices.
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.
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?
