Alcoa Corp.

Alcoa today announced that it has entered into a binding Scheme Implementation Deed with Alumina Ltd. , under which Alcoa will acquire Alumina Ltd. in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction process deed . Consistent with the Process Deed, the Alumina Ltd. Board of Directors has recommended that Alumina Ltd. shareholders vote in favor [...]

Alcoa today announced that it has entered into an agreement with Alumina Ltd. on terms and process for the acquisition of Alumina Ltd., subject to entry into a scheme implementation agreement. Alcoa and Alumina Ltd. have entered into an exclusivity and transaction process deed , and the Alumina Ltd. Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the [...]

Alcoa Corp. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 21, 2024 to stockholders of record as of the close of business on March 5, 2024. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With [...]

Alcoa Corp. announced today that William F. Oplinger, President and Chief Executive Officer, will present at the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida on February 27, 2024. At 9:30 a.m. EST, Oplinger will deliver a presentation regarding Alcoa's business, market conditions, and outlook in the current market, including factors that could affect the Company's present quarter's [...]

Alcoa announced today that it will supply global cable producer Nexans with aluminum produced from a revolutionary process that eliminates all direct greenhouse gas emissions from the traditional smelting process. Nexans will be the world's first cable manufacturer to use metal from the breakthrough ELYSIS™ process, which replaces all greenhouse gas emissions with oxygen. The technology uses proprietary materials [...]

Alcoa Corporation today reported fourth quarter and full year 2023 results that demonstrate progress on key priorities. Financial Results and Highlights M, except per share amounts 4Q23 3Q23 FY23 FY22 Revenue $2,595 $2,602 $10,551 $12,451 Net loss attributable to Alcoa Corporation $ $ $ $ Loss per share attributable to Alcoa Corporation $ $ $ $ Adjusted net income $ $ $ $869 Adjusted earnings per share $ $ $ $4.71 [...]

Alcoa Corp. today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80 percent of its nameplate capacity since January of 2023. Matt Reed, Alcoa's Executive Vice President [...]

Alcoa Corp. plans to announce its fourth quarter and full year 2023 financial results on Wednesday, January 17, 2024, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. A [...]

Alcoa Corp. today announced that it has appointed Matt Reed as Alcoa's Executive Vice President and Chief Operations Officer, effective January 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231220861728/en/ Matt Reed, Alcoa Corp.'s new EVP and Chief Operations Officer effective January 1, 2024. Reed, who will be based in Western Australia, will lead [...]

As part of a planned series of meetings with key stakeholders, representatives of the Spanish operating subsidiaries of Alcoa Corp. will be meeting this week with representatives of the national and regional authorities in Spain to discuss financial losses at the San Ciprián complex, which consists of an alumina refinery and an aluminum smelter. The San Ciprián smelter was curtailed in January 2022 as a result of an [...]