Alcoa Corp. today announced the purchase of group annuity contracts that will facilitate the transfer of approximately $1 billion of pension obligations and assets associated with defined benefit pension plans for certain United States retirees and beneficiaries. The transfer, which will be complete later this month, will further enhance Alcoa's [...]
Alcoa Corp. has once again been recognized for environmental, social and governance performance based on criteria in the annual Dow Jones Sustainability Indices. The Dow Jones Sustainability Indices are the longest-running benchmarks to assess the sustainability performance of the world's largest companies. Alcoa's name has been included in the [...]
Alcoa Corp. announced today that William F. Oplinger, Alcoa's Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the virtual Goldman Sachs Global Metals & Mining Conference, beginning at 10:00 a.m. EST on Wednesday, November 17, 2021. The question and answer session will follow introductory [...]
Alcoa Corp. today unveiled a technology roadmap to support the Company's vision to reinvent the aluminum industry for a sustainable future. The technologies in Alcoa's roadmap, including a new, proprietary post-consumer scrap recycling process, have the potential to decarbonize a significant portion of the upstream aluminum supply chain and provide [...]
Alcoa Corp. announced today it has completed the sale of land and industrial assets in the state of Texas in a transaction valued at $240 million. The sale included approximately 31,000 acres in Milam and Lee Counties and was marketed as the Sandow Lakes Ranch, which includes the site of the former Rockdale aluminum smelter. The Rockdale smelter [...]
Alcoa Corp. will host a virtual Investor Day on Tuesday, November 9, 2021, with discussions that will include Alcoa's markets, operations, strategies, current and future technologies, and capital allocation, including the previously announced capital returns program. Participating in the Investor Day will be Alcoa President and Chief Executive [...]
Alcoa Corp. today reported its highest quarterly net income and earnings per share, eclipsing the prior quarter's record-setting financial performance and continuing to capture benefits from strong aluminum pricing. Third Quarter Highlights Grew revenue to $3.1 billion, a sequential increase of 10 percent Set a record for quarterly net income of [...]
Alcoa Corp. announced today the initiation of a quarterly cash dividend on its common stock and a new $500 million share repurchase program. The Board of Directors declared the first quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on November 19, 2021 to stockholders of record as of the close of business on [...]
Alcoa Corp. today announced an ambition to achieve net-zero greenhouse gas emissions across its global operations by 2050. This endeavor to reach net-zero GHG emissions by 2050 for direct and indirect emissions aligns with the Company's strategic priority to advance sustainably and complements the Company's existing targets, which include reducing [...]
Alcoa Corp. intends to enter the growing high-purity alumina market to address increasing demand for sustainable products through a joint development project. Alcoa of Australia Limited , a subsidiary of Alcoa Corp., has executed a binding term sheet with Western Australia-based FYI Resources Ltd. for development activities to produce high-purity [...]
Alcoa Corp. plans to announce its third quarter 2021 financial results on Thursday, October 14, 2021, 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 [...]
Alcoa Corp. announced today that it plans to restart 268,000 metric tons per year of aluminum capacity at the Alumar smelter in São Luís, Brazil, which has been fully curtailed since 2015. The process to restart the idle capacity will begin immediately. The first molten metal is expected in the second quarter of 2022, and the full 268,000 mtpy of [...]
