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 Corporation (NYSE: AA) will announce its third quarter 2021 financial results on October 14, 2021, post-market close. A related press release and presentation will be accessible on Alcoa's website. A conference call will follow at 5:00 p.m. EDT, hosted by CEO Roy Harvey and CFO William Oplinger. Investors can participate via phone or listen to the webcast. Replay of the call will be available starting at 8:00 p.m. EDT on the same day until October 21, 2021.
Alcoa Corporation has announced plans to restart 268,000 mtpy of aluminum capacity at the Alumar smelter in Brazil. This facility has been idle since 2015, and the restart process will commence immediately, with molten metal expected by Q2 2022. The smelter will run on 100% renewable energy by 2024. The total estimated cost of the restart is around $75 million, with $15-$20 million in expenses anticipated for Q4 2021. This move is expected to enhance Alcoa’s global competitiveness and generate over 750 new jobs.
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.
