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's Executive Vice President and CFO, Molly S. Beerman, will participate in a webcast session at the JP Morgan 2024 Energy, Power & Renewables Conference on June 18, 2024, in New York. Beerman will discuss Alcoa's business, the acquisition of Alumina , and the company's market outlook and financial results for the current quarter. The session will be available via a live audio webcast and will be archived for later access on Alcoa's website.
Alcoa has entered into an Amended Scheme of Implementation Deed with Alumina regarding their acquisition. The updated agreement maintains the originally announced consideration of 0.02854 New Alcoa CDIs per share of Alumina The transaction is on track to complete in Q3 2024 and includes the support of significant stakeholders like Allan Gray Australia. CITIC, which holds a stake in Alumina , will receive part of its consideration in non-voting convertible series A preferred stock to comply with U.S. regulations. Required approvals include those from Australia's Foreign Investment Review Board and Brazil's antitrust regulator, with the Australian Competition and Consumer Commission opting out of a public review.
Alcoa (NYSE: AA) declared a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on June 7, 2024, to stockholders of record as of May 21, 2024.
Alcoa President and CEO William Oplinger will participate in the BofA Securities 2024 Global Metals, Mining & Steel Conference to discuss Alcoa’s business, recent acquisition of Alumina , market outlook, and financial results. The presentation will be followed by a Q&A session. The slide presentation will be available on the Company's website. A live audio webcast and replay will also be accessible.
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