PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA, ASX: AAI) 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 (FMC) and First Suppliers Hub are within the World Economic Forum. Members of FMC set a target that at least 10 percent of their annual primary ...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a live webcast session at the Citi 2024 Basic Materials Conference in New York City, New York on Wednesday, December 4, 2024. At 10:15 a.m. EST, Beerman 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 financial results. A slide presentation, to be used in connection with the conference and investor meetings will be available on the “I...
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PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) 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 (IRA). 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 aluminum produced at these facilities plays a crucial role in multiple domestic manufacturing segments including c...
A director at Alcoa Corp sold 23,867 shares at 42.294USD and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited 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 (loss) attributable to Alcoa Corporation $ 90 $ 20 $ (168 ) Income (loss) per share attributable to Alcoa ...
PITTSBURGH--(BUSINESS WIRE)-- Today, Alcoa Corporation (NYSE: AA, ASX: AAI) and IGNIS Equity Holdings, SL (IGNIS EQT), 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 (the “partnership”) 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 initial investment of €25 million to fund the operations. Alcoa would continue as the managi...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) 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 (NYSE: AA; ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integri...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) today announced an agreement to supply up to 16.5 million tonnes of smelter grade alumina to Aluminium Bahrain B.S.C. (Alba) 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 and Alba and will make Alcoa Alba’s largest third-party supplier of alumina. "By securing this contract ex...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) 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 (October 17, 2024, at 8:00 a.m. AEDT). The call will be webcast live via . The third quarter earnings press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, . A link to the press relea...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) announced today that it has entered into a binding share purchase and subscription agreement (the “Agreement”) with Saudi Arabian Mining Company (“Ma’aden”), 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 (valued at $950 million based on the volume-weighted average share price of Ma’aden for the last 30 calendar days as of September 12, 202...
Summary Marketline's Vale S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Vale S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in two investor conferences, engaging in question-and-answer sessions regarding Alcoa’s business and outlook in the current market, including factors that could affect the present quarter’s financial results. Jefferies 2024 Industrial Conference At 1:20 p.m. EDT on Thursday, September 5, 2024, Molly S. Beerman will participate in a live webcast session at the Jefferies 2024 Industrials Conference in New York, New York. Morgan Stanley 12th Annual Laguna C...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA, ASX: AAI) 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 and Pension Investments, who will retire on September 1 after more than 30 years of service. Mr. Langlois is currently senior vice president and treasurer. He will continue to report to Executive...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA, ASX: AAI) 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 . “Excellence in environmental, social and governance practices and performance, particularly safety, goes hand-in-hand with operational excellence,” said Alcoa President and CEO William F. Oplinger in his letter to stakeholders. “We have ambition for this company – to expect excellence in everything we do, including our rel...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) (“Alcoa” or the “Company”) today announced the successful completion of its acquisition of Alumina Limited (“Alumina”). 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 position as one of the world’s largest bauxite and alumina producers and is expected to result in long-term value creation from greater financial and operat...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) 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 Alumina Limited, the Series A convertible preferred stock was created and will be issued at the closing of that transaction, expected on August 1, 2024. About Alcoa Corporation Alcoa (NYSE: AA) is a global indu...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) 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 improvement programs. Financial Results and Highlights M, except per share amounts 2Q24 1Q24 2Q23 Revenue $ 2,906 $ 2,599 ...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) (“Alcoa” or the “Company”) today announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited (“Alumina”) by way of a scheme of arrangement ("Scheme"). Approximately 99 percent of Alcoa shares present at the Special Meeting of Stockholders today voted in favor of the issuance of shares of Alcoa stock in connection with the transaction. Final voting results will be reported on a Form 8-...
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today released preliminary second quarter 2024 results ahead of its Special Meeting of Stockholders to be held on July 16, 2024 in connection with its announced acquisition of Alumina Limited. The preliminary results include sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices. Financial Results and Highlights M, except per share amounts 2Q24 preliminary 1Q24 2Q23 Revenue $2,850 - $2,925 $2,5...
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