Alcoa Corporation
Price History
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About Alcoa Corporation
Alcoa Corporation (AA) is a aluminum mining company. Our project database tracks 20 projects for Alcoa Corporation with technical and economic data extracted from company filings. Its flagship Darling Range (Huntly & Willowdale bauxite mines) (Feasibility) carries an after-tax NPV of $1.32B over a 7-year mine life.
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
Project Economics
Willowdale
Huntly
Darling Range Bauxite Operation (Huntly and Willowdale)
- Mineral Reserves
- Proven 33.4 Mt at 29.3% AL and 1.8% SI; Probable 359.5 Mt at 31.4% AL and 1.5% SI; Total P&P 392.9 Mt at 31.2% AL and 1.5% SI
- Mineral Resources
- Measured & Indicated (exclusive of reserves) 186.8 Mt at 30.0% AL and 1.8% SI (Measured 133.6 Mt at 30.1% AL and 1.9% SI; Indicated 53.2 Mt at 29.7% AL and 1.6% SI); Inferred 51.9 Mt at 31.9% AL and 1.1% SI
Darling Range Bauxite Operations (Huntly & Willowdale)
- Mineral Reserves
- Proven 33.4 Mt at 29.3% AL and 1.8% SI; Probable 359.5 Mt at 31.4% AL and 1.5% SI; Total Proven and Probable 392.9 Mt at 31.2% AL and 1.5% SI (effective 31 December 2025)
- Mineral Resources
- Measured & Indicated (exclusive of reserves) 186.8 Mt at 30.0% AL and 1.8% SI (Measured 133.6 Mt at 30.1% AL and 1.9% SI; Indicated 53.2 Mt at 29.7% AL and 1.6% SI); Inferred 51.9 Mt at 31.9% AL and 1.1% SI
Darling Range (Huntly and Willowdale)
- Mineral Reserves
- Proven 33.4 Mt at 29.3% AL and 1.8% SI; Probable 359.5 Mt at 31.4% AL and 1.5% SI; Total Proven & Probable 392.9 Mt at 31.2% AL and 1.5% SI
- Mineral Resources
- Measured & Indicated (exclusive of reserves) 186.8 Mt at 30.0% AL and 1.8% SI (Measured 133.6 Mt at 30.1% AL, 1.9% SI; Indicated 53.2 Mt at 29.7% AL, 1.6% SI); Inferred 51.9 Mt at 31.9% AL and 1.1% SI
Darling Range (Huntly & Willowdale)
- Mineral Reserves
- Total Proven and Probable Mineral Reserves of 392.9 Mt, with weighted average grades of 31.2% AL and 1.5% SI (Proven 33.4 Mt at 29.3% AL and 1.8% SI; Probable 359.5 Mt at 31.4% AL and 1.5% SI)
- Mineral Resources
- Measured and Indicated Mineral Resource exclusive of Mineral Reserves 186.8 Mt at 30.0% AL and 1.8% SI (Measured 133.6 Mt at 30.1% AL and 1.9% SI; Indicated 53.2 Mt at 29.7% AL and 1.6% SI); Inferred 51.9 Mt at 31.9% AL and 1.1% SI
Darling Range Bauxite Operations
- Mineral Reserves
- Proven 26.1 Mt at 29.2% AL and 1.61% SI; Probable 397.6 Mt at 30.8% AL and 1.56% SI
- Mineral Resources
- Measured 139.6 Mt at 30.4% AL and 1.77% SI; Indicated 48.7 Mt at 30.3% AL and 1.42% SI; Inferred 101.4 Mt at 32.4% AL and 1.20% SI
Darling Range Bauxite (Huntly & Willowdale)
- Mineral Reserves
- Proven: 26.1 Mt at 29.2% AL and 1.61% SI; Probable: 397.6 Mt at 30.8% AL and 1.56% SI
- Mineral Resources
- Measured: 139.6 Mt at 30.4% AL and 1.77% SI; Indicated: 48.7 Mt at 30.3% AL and 1.42% SI; Inferred: 101.4 Mt at 32.4% AL and 1.20% SI
Darling Range Bauxite Operations (Huntly and Willowdale)
- Mineral Reserves
- Proven Mineral Reserves 26.1 Mt at 29.2% AL and 1.61% SI; Probable Mineral Reserves 397.6 Mt at 30.8% AL and 1.56% SI
- Mineral Resources
- Measured 139.6 Mt at 30.4% AL and 1.77% SI; Indicated 48.7 Mt at 30.3% AL and 1.42% SI; Inferred 101.4 Mt at 32.4% AL and 1.20% SI (exclusive of Mineral Reserves)
Alcoa Corporation (no specific mining project)
Darling Range
- Mineral Reserves
- Proven 48.0 Mt at 29.1% AL and 1.65% SI; Probable 296.0 Mt at 31.9% AL and 1.27% SI
- Mineral Resources
- Measured 93.0 Mt at 30.44% AL and 1.52% SI; Indicated 105.4 Mt at 30.75% AL and 1.34% SI; Inferred 106.9 Mt at 32.32% AL and 1.22% SI (exclusive of reserves)
Darling Range (Willowdale) Bauxite Mine
Darling Range Operations (Huntly & Willowdale)
- Mineral Reserves
- Proven 48.0 Mt at 29.1% AL and 1.65% SI; Probable 296.0 Mt at 31.9% AL and 1.27% SI
- Mineral Resources
- Measured 93.0 Mt at 30.44% AL and 1.52% SI; Indicated 105.4 Mt at 30.75% AL and 1.34% SI; Inferred 106.9 Mt at 32.32% AL and 1.22% SI (exclusive of Mineral Reserves)
Darling Range (Huntly) Bauxite Mine
- Mineral Reserves
- Proven Mineral Reserves 48.0 Mt at 29.1% AL and 1.65% SI; Probable Mineral Reserves 296.0 Mt at 31.9% AL and 1.27% SI (total P&P 344.0 Mt)
- Mineral Resources
- Measured 93.0 Mt at 30.44% AL and 1.52% SI; Indicated 105.4 Mt at 30.75% AL and 1.34% SI; Inferred 106.9 Mt at 32.32% AL and 1.22% SI (exclusive of Mineral Reserves)
Darling Range - Willowdale
Darling Range - Huntly
Darling Range Bauxite Mines (Huntly & Willowdale)
- Mineral Reserves
- Proven Mineral Reserves 48.0 Mt at 29.1% AL and 1.65% SI; Probable Mineral Reserves 296.0 Mt at 31.9% AL and 1.27% SI (Total P&P 344.0 Mt)
- Mineral Resources
- Measured 93.0 Mt at 30.44% AL and 1.52% SI; Indicated 105.4 Mt at 30.75% AL and 1.34% SI; Inferred 106.9 Mt at 32.32% AL and 1.22% SI (all exclusive of Mineral Reserves)
Darling Range (Huntly & Willowdale bauxite mines)
- Mineral Reserves
- Proven 108.6 Mt at 32.4% A.Al2O3 and 1.01% R.SiO2; Probable 132.7 Mt at 32.2% A.Al2O3 and 1.38% R.SiO2
- Mineral Resources
- Measured 48.0 Mt at 32.9% A.Al2O3 and 1.11% R.SiO2; Indicated 34.8 Mt at 31.9% A.Al2O3 and 1.12% R.SiO2; Inferred 320 Mt at 33.0% A.Al2O3 and 1.2% R.SiO2
Darling Range (Huntly and Willowdale Bauxite Mines)
- Mineral Reserves
- Proven 108.6 Mt at 32.4% A.Al2O3 and 1.01% R.SiO2; Probable 132.7 Mt at 32.2% A.Al2O3 and 1.38% R.SiO2
- Mineral Resources
- Measured 48.0 Mt at 32.9% A.Al2O3 and 1.11% R.SiO2; Indicated 34.8 Mt at 31.9% A.Al2O3 and 1.12% R.SiO2; Inferred 320 Mt at 33.0% A.Al2O3 and 1.2% R.SiO2
Juruti Bauxite Mine
- Mineral Reserves
- Proven: 50.94 dry Mt at 47.68% A.Al2O3 and 3.52% R.SiO2; Probable: 37.94 dry Mt at 46.32% A.Al2O3 and 3.41% R.SiO2
- Mineral Resources
- Measured: 5.66 Mt at 44.53% A.Al2O3 and 5.28% R.SiO2; Indicated: 58.59 Mt at 45.34% A.Al2O3 and 4.42% R.SiO2; Inferred: 563.79 Mt at 45.69% A.Al2O3 and 4.72% R.SiO2
- Royalties / Streams
- Royalty + CFEM 4.5%
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Darling Range Bauxite Operations (Huntly & Willowdale)
27 studies on recordDarling Range (Huntly & Willowdale)
41 studies on recordJuruti Bauxite Mine
24 studies on recordDarling Range (Huntly and Willowdale)
5 studies on recordDarling Range (Huntly and Willowdale) Bauxite Operations
2 studies on recordDarling Range Bauxite Mines
10 studies on recordDarling Range Bauxite (Huntly & Willowdale)
2 studies on recordDarling Range Bauxite Operations (Huntly and Willowdale)
3 studies on recordDarling Range
2 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Financial Metrics
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Frequently Asked Questions
- What does Alcoa Corporation mine?
- Alcoa Corporation is focused on Aluminum, Bauxite.
- What is the economic value of Alcoa Corporation's Darling Range (Huntly & Willowdale bauxite mines)?
- According to its Feasibility, Darling Range (Huntly & Willowdale bauxite mines) has an after-tax NPV of $1.32B.
- How many projects does Alcoa Corporation have?
- We track 20 projects with extracted technical and economic data for Alcoa Corporation.
Project Analysis
Darling Range (Willowdale) Bauxite Mine Feasibility Study: $122M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range (Willowdale) Bauxite Mine in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $122M. The proposed mine plan runs 9 years.
Darling Range (Huntly) Bauxite Mine Feasibility Study: $122M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range (Huntly) Bauxite Mine in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $122M. The proposed mine plan runs 9 years.
Darling Range (Huntly and Willowdale Bauxite Mines) Feasibility Study: $1.32B NPV Over a 7-Year Mine Life
Alcoa Corporation's Darling Range (Huntly and Willowdale Bauxite Mines) in Southwest of Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $1.32B. The proposed mine plan runs 7 years.
Darling Range Bauxite Mines (Huntly & Willowdale) Feasibility Study: $122M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Bauxite Mines (Huntly & Willowdale) in Western Australia, Australia (southwest, near Pinjarra and Waroona) has a Feasibility Study outlining an after-tax NPV of $122M. The proposed mine plan runs 9 years.
Darling Range Operations (Huntly & Willowdale) Feasibility Study: $122M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Operations (Huntly & Willowdale) in Western Australia, Australia (southwest of Western Australia, near Pinjarra and Waroona) has a Feasibility Study outlining an after-tax NPV of $122M. The mine plan runs 9 years at about 36.22 Mt bauxite (LOM total 326.0 Mt) per year.
Darling Range Bauxite Operations Feasibility Study: $55M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Bauxite Operations in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $55M. The proposed mine plan runs 9 years.
Darling Range (Huntly and Willowdale) Bauxite Operations Feasibility Study: $1.32B NPV Over a 7-Year Mine Life
Alcoa Corporation's Darling Range (Huntly and Willowdale) Bauxite Operations in Southwest of Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $1.32B. The proposed mine plan runs 7 years.
Darling Range Bauxite Operations (Huntly and Willowdale) Feasibility Study: $55M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Bauxite Operations (Huntly and Willowdale) in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $55M. The proposed mine plan runs 9 years.
Darling Range Bauxite Mines Feasibility Study: $1.32B NPV Over a 7-Year Mine Life
Alcoa Corporation's Darling Range Bauxite Mines in Western Australia, Australia (southwest of Western Australia; Huntly ~80 km SE of Perth, Willowdale ~100 km SSE of Perth) has a Feasibility Study outlining an after-tax NPV of $1.32B. The proposed mine plan runs 7 years.
Darling Range Bauxite Operations (Huntly & Willowdale) Feasibility Study: $55M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Bauxite Operations (Huntly & Willowdale) in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $55M. The proposed mine plan runs 9 years.
Darling Range (Huntly & Willowdale bauxite mines) Feasibility Study: $1.32B NPV Over a 7-Year Mine Life
Alcoa Corporation's Darling Range (Huntly & Willowdale bauxite mines) in Western Australia, Australia (Darling Range, southwest Western Australia) has a Feasibility Study outlining an after-tax NPV of $1.32B. The mine plan runs 7 years at about 241.3 Mt bauxite (total LOM) per year.
Darling Range Bauxite (Huntly & Willowdale) Feasibility Study: $55M NPV Over a 9-Year Mine Life
Alcoa Corporation's Darling Range Bauxite (Huntly & Willowdale) in Western Australia, Australia has a Feasibility Study outlining an after-tax NPV of $55M. The proposed mine plan runs 9 years.
Press Releases
Alcoa Rides Aluminum Price Surge As Supply Shock Shifts Outlook
Aluminum prices on global exchanges have moved to multi year highs as supply disruptions in the Middle East tighten availability. This pricing shift directly affects Alcoa (NYSE:AA), a large integrated aluminum producer with exposure across mining, refining, and smelting. The development marks a new chapter for the stock, separate from earlier focus on valuation and share price momentum. Alcoa enters this supply driven upswing from a position of strong recent share price performance. The...
Strong Performance Continues at CSTM's A&T Segment: What's Next?
Constellium's A&T segment posts 18% shipment growth and 30% higher revenues in Q1 2026, aided by aerospace demand, defense strength and aluminum prices.
Alcoa Stock Is Up 10% Over the Past 5 Days as Aluminum Prices Hit 4-Year High
Alcoa stock extends gains as aluminum prices climb further to a four-year high. Here’s why AA shares remain worth buying at current levels.
Constellium Rises 92.9% in a Year: Should Investors Buy or Wait?
CSTM surges 92.9% in six months as packaging, aerospace growth, rising aluminum prices and buybacks fuel momentum despite cost pressures.
Dow Jones Giants Amazon, Caterpillar Lead Five Stocks Near Buy Points
Dow Jones giants Amazon and Caterpillar are setting up in short consolidations. The AI stocks lead five names near buy points.
Assessing Alcoa (AA) Valuation After Strong Recent Share Price Momentum
Key recent performance signals Alcoa (AA) has drawn fresh attention after a period of strong stock performance, with returns of 3.3% over the past day, 14% over the past week and about 20% over the past month. See our latest analysis for Alcoa. The recent share price strength, with the stock at $75.58 and a 90 day share price return of 21.75%, sits alongside a 1 year total shareholder return of 176.11%, pointing to momentum that has built over time. If Alcoa’s run has you thinking about other...
Alcoa to Participate in Wells Fargo Industrials and Materials Conference 2026
PITTSBURGH, May 27, 2026--Alcoa Corporation ("Alcoa") will participate in a live webcast session at the Wells Fargo Industrials and Materials Conference in Chicago on Wednesday, June 10, 2026.
Will Softening Alumina Segment Limit Alcoa's Growth Potential?
AA's Alumina segment faces shipment, pricing and cost pressure after Q1 declines, but maintained 2026 guidance points to expected improvement.
Alcoa vs. Ryerson: Which Aluminum Stock Boasts Better Prospects?
AA and RYI ride higher aluminum prices, capacity expansion and shipment growth, but debt, costs and valuation gaps shape the aluminum stock debate.
What to Know About This Fund's $4 Million Sensient Stock Buy and the Natural Colors Boom
Sensient Technologies delivers specialty ingredients and proprietary solutions to global food, beverage, and personal care markets.
Quick Facts
- Ticker Symbol
- AA
- Market Cap
- Mid Cap
- Category
- Aluminum
- Commodities
- Aluminum, Bauxite
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