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 (NYSE: AA) reported strong Q4 and full-year 2024 results, showing significant financial improvements. Q4 revenue increased 20% sequentially to $3.5 billion, with net income rising 124% to $202 million ($0.76 per share). Full-year 2024 revenue grew 13% to $11.9 billion, with net income of $60 million ($0.26 per share).
Key achievements include setting annual production records at five smelters, delivering a $645 million profitability improvement program, completing the Kwinana refinery curtailment, acquiring Alumina , and announcing the sale of 25.1% interest in Ma'aden joint ventures. The company maintained a strong cash position of $1.1 billion, supported by a green bond issuance of $737 million.
Q4 alumina production decreased 2% to 2.39 million metric tons, while aluminum production increased 2% to 571,000 metric tons. The company paid quarterly dividends of $0.10 per share, totaling $90 million for the year.
Alcoa (NYSE: AA) has announced a Memorandum of Understanding (MoU) with key stakeholders regarding its San Ciprián operations. The agreement involves Alcoa Inespal SL, IGNIS Equity Holdings, SL, the Spanish National Government, and the Xunta de Galicia.
The MoU aims to improve the long-term outlook for the facility, which has faced economic challenges primarily due to high energy costs. After an unsuccessful sale process for 100% of the operations, a potential partnership with IGNIS EQT emerged.
Key focus areas of the MoU include: prioritizing smelter restart over deferrable capital investments, streamlining renewable energy project authorizations, implementing competitive energy cost policies, increasing CO2 compensation support, and supporting residue storage area capital projects approval. Alcoa continues to work on finalizing a joint venture agreement with IGNIS EQT while engaging with workers' unions.
Alcoa (NYSE: AA) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, after the NYSE trading close. The company will host a conference call at 5:00 p.m. EST on the same day to discuss the results.
The earnings call will be hosted by William Oplinger, President and CEO, and Molly Beerman, EVP and CFO. The presentation will be available on Alcoa's website, and a replay will be accessible until January 29, 2025. The company will provide detailed financial results and related presentation materials in the 'Investors' section of their website.
Alcoa (NYSE: AA) has joined the World Economic Forum's First Suppliers Hub, a global repository connecting companies with low-carbon aluminum technologies. This platform supports the First Movers Coalition's goal of industrial decarbonization by 2050, where members commit to procuring at least 10% of their annual primary aluminum at below 3 tonnes CO2e per ton. Alcoa offers ELYSIS®, a carbon-free smelting process, alongside their Sustana® product line including EcoLum®, EcoSource®, and EcoDura® aluminum products. The company's global smelting portfolio is currently 87% powered by renewable energy.
Alcoa announced that Executive Vice President and CFO Molly S. Beerman will participate in the Citi 2024 Basic Materials Conference in New York City on December 4, 2024. Beerman will engage in a Q&A session at 10:15 a.m. EST, discussing Alcoa's business outlook and current market factors.
A slide presentation will be available on Alcoa's website investor section at 7:00 a.m. EST on the same day. The session will be broadcast via live audio webcast, with both transcript and audio replay made available afterward on the company's website.
Alcoa (NYSE: AA) has responded positively to the U.S. Treasury Department's final regulations on the Section 45X Advanced Manufacturing Production Credit, which was implemented through the Inflation Reduction Act. The regulations support domestic manufacturing of critical materials, including commercial-grade aluminum from Alcoa's U.S. smelters in Newburgh, Indiana, and Massena, New York. These facilities produce aluminum for various sectors including clean energy, automotive, aerospace, and building materials. The company acknowledges the Treasury's inclusion of direct and indirect material costs and is currently analyzing the regulations' impact on its U.S. operations.
Alcoa (NYSE: AA) reported improved Q3 2024 results, reflecting the acquisition of Alumina and sequential increases in key financial metrics. Highlights include:
- Net income increased to $90 million ($0.38 per share)
- Adjusted net income rose to $135 million ($0.57 per share)
- Adjusted EBITDA excluding special items grew to $455 million
The company completed the Alumina acquisition, announced the sale of its 25.1% interest in Ma'aden joint ventures, and progressed on a strategic agreement for San Ciprián operations. Alcoa maintained a $1.3 billion cash balance and paid a $0.10 per share dividend. Alumina production decreased 4% due to Kwinana refinery curtailment, while aluminum production increased 3% with Alumar smelter restart progress.
Alcoa and IGNIS EQT are progressing toward a strategic cooperation agreement to support Alcoa's San Ciprián operations. The proposed partnership involves Alcoa contributing €75 million and IGNIS EQT investing €25 million initially. Alcoa would retain 75% ownership and continue as managing operator, while IGNIS EQT would hold 25% ownership. Up to €100 million additional funding from Alcoa may be provided as needed.
The partnership aims to leverage Alcoa's expertise in aluminum operations and IGNIS EQT's knowledge of energy markets. Key conditions include stakeholder cooperation, increased CO2 compensation support, permitting for power generation projects, and flexibility in the current smelter Viability Agreement. This strategic move comes after Alcoa's unsuccessful attempts to sell 100% of the San Ciprián operations due to challenging economic conditions, primarily high energy costs.
Alcoa (NYSE: AA; ASX: AAI) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend, set at $0.10 per share, applies to both the Company's common stock and Series A convertible preferred stock. Stockholders of record as of the close of business on October 29, 2024, will receive the dividend payment on November 15, 2024. This announcement demonstrates Alcoa's commitment to providing regular returns to its shareholders, reflecting the company's financial stability and shareholder value focus.
Alcoa (NYSE: AA; ASX: AAI) has announced a long-term alumina supply contract extension with Aluminium Bahrain B.S.C. (Alba). The agreement, set to run from 2026 to 2035, allows Alba to procure up to 16.5 million tonnes of smelter grade alumina, primarily from Western Australia. This extension makes Alcoa Alba's largest third-party supplier of alumina.
Alcoa's President & CEO, William F. Oplinger, highlighted that this contract strengthens Alcoa's position as the premier global alumina supplier while providing strategic support to one of the world's largest aluminum producers. The agreement aligns with Alcoa's strategy to be a supplier of choice for long-term supply stability and supports the company's flexibility in managing its alumina position.
Alba's CEO, Ali Al Baqali, emphasized that the partnership with Alcoa reinforces their commitment to sustainability and mutual growth, while securing a steady alumina supply for their operations.
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