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 March 20, 2025 to stockholders of record as of the close of business on March 4, 2025. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum [...]
Alcoa Corp. President and Chief Executive Officer William F. Oplinger will participate in a live webcast session at the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, on February 25, 2025. At 9:30 a.m. EST, Oplinger will participate in a question-and-answer session regarding Alcoa's business and outlook in the current market, including factors that could affect the present quarter's [...]
Alcoa Corporation today reported fourth quarter and full year 2024 results that demonstrate significant improvements in financial performance on continued strength in alumina and aluminum pricing and considerable advances in operational stability. Financial Results and Highlights M, except per share amounts 4Q24 3Q24 FY24 FY23 Revenue $ 3,486 $ 2,904 $ 11,895 $ 10,551 Net income attributable to Alcoa Corporation $ 202 [...]
Today, Alcoa Inespal SL, a subsidiary of Alcoa Corp. and IGNIS Equity Holdings, SL , the majority shareholder in the IGNIS Group along with the Spanish National Government and the Xunta de Galicia, announced that they have entered into a Memorandum of Understanding to support the continuation of San Ciprián operations. "Today, Alcoa Inespal, IGNIS EQT, the Government of Spain and the Government of Galicia took an [...]
Alcoa Corp. today announced that it has joined the World Economic Forum's First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050. First Suppliers Hub is a database of global final product and value chain suppliers created by the First Movers Coalition; both the First Movers Coalition and First Suppliers Hub are [...]
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 from Alcoa's U.S. smelters in Newburgh, Indiana, and Massena, New York. The [...]
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 attributable to Alcoa Corporation $ 90 $ 20 $ Income per share attributable to [...]
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 agreement, Alcoa would contribute €75 million, and IGNIS EQT would make an [...]
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 in bauxite, alumina and aluminum products with a vision to reinvent the [...]
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 Australia. This contract extension recognizes the long-term relationship between [...]
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. The third quarter earnings press release with financial results, and a [...]
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 Ma'aden and $150 million in cash. The joint venture was created in 2009, as a [...]