Alcoa Corporation
About Alcoa Corporation
Overview
Alcoa Corporation is a global industry leader in bauxite mining, alumina refining, and aluminum smelting. Spun off from Alcoa Inc. in 2016, the company has operations spanning the value chain from mining to finished aluminum products. Alcoa is committed to advancing sustainability in aluminum production and is a major supplier to aerospace, automotive, and packaging industries.
Operations
Alcoa operates seven bauxite mines, nine alumina refineries (including the world's largest refinery in Western Australia), and 14 aluminum smelters across nine countries including the United States, Australia, Brazil, Canada, Iceland, Norway, and Spain. The company is one of the largest producers of alumina and primary aluminum globally, serving customers in over 60 countries.
Strategy
The company's strategy emphasizes optimizing its portfolio for profitability through operational excellence and cost reduction, strengthening its position in the value chain, pursuing decarbonization and sustainability initiatives including developing ELYSIS carbon-free smelting technology, and maintaining financial flexibility to navigate aluminum market cycles.
Key Projects
Key initiatives include the ELYSIS partnership with Rio Tinto developing revolutionary carbon-free aluminum smelting technology, ongoing modernization and automation projects at smelters and refineries, potential restarts of idled capacity based on market conditions, and investment in refining technology to process a wider variety of bauxite ores to enhance flexibility.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- AA
- Market Cap
- Mid Cap
- Category
- Aluminum
- Commodities
- Aluminum, Bauxite
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.