Alcoa Corp. welcomes the U.S. Treasury Department's final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act . As recognized by the Administration, Section 45X is an important tool for shoring up domestic manufacturing of critical materials, including commercial-grade aluminum [...]
Alcoa Corp. today reported results for the third quarter 2024 that reflect the acquisition of Alumina Ltd. in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items. Financial Results and Highlights M, except per share amounts 3Q24 2Q24 3Q23 Revenue $ 2,904 $ 2,906 $ 2,602 Net income [...]
Today, Alcoa Corp. and IGNIS Equity Holdings, SL , the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement to support the continued operation of Alcoa's San Ciprián operations. Under the proposed [...]
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 and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024. About Alcoa Corporation Alcoa is a global industry leader [...]
Alcoa Corp. today announced an agreement to supply up to 16.5 million tonnes of smelter grade alumina to Aluminium Bahrain B.S.C. over 10 years. Over the life of the agreement, which commences in 2026 and will run through 2035, volume options will allow Alba to procure as much as 16.5 million metric tons of alumina, primarily from Western [...]
Alcoa Corp. plans to announce its third quarter 2024 financial results on Wednesday, October 16, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the third quarter financial results on October 16, 2024, at 5:00 p.m. EDT . The call will be webcast live via Alcoa's website, www.alcoa.com [...]
Alcoa announced today that it has entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company , under which Alcoa will sell its full ownership interest of 25.1% in the Ma'aden Joint Venture to Ma'aden for approximately $1.1 billion. The transaction consideration comprises approximately 86 million shares of [...]
Alcoa Corp. today announced a transition in its Investor Relations leadership, appointing Louis Langlois, senior vice president, Treasury and Capital Markets effective September 1, 2024. Mr. Langlois will assume responsibility for the Company's investor relations and pension investment functions from Jim Dwyer, vice president, Investor Relations [...]
Alcoa Corp. has issued its 2023 Sustainability Report, detailing the Company's progress on its strategic long-term sustainability goals. The report is available on the Sustainability section of Alcoa's website at www.alcoa.com/sustainability. "Excellence in environmental, social and governance practices and performance, particularly safety, goes [...]
Alcoa Corp. today announced the successful completion of its acquisition of Alumina Ltd. . This strategic move positions Alcoa to further strengthen its market leadership as a pure play, upstream aluminum company. "Alcoa is proud to announce the completion of our first major acquisition. The acquisition of Alumina Limited strengthens Alcoa's [...]
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 and Series A convertible preferred stock, to be paid on August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. In connection with the Company's acquisition of [...]
Alcoa Corp. today reported results for the second quarter 2024 consistent with the Company's previously announced preliminary results that reflect sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices, along with continued progress on profitability [...]
