Vanguard has surpassed BlackRock to become the largest shareholder in Alcoa, acquiring over eight million shares in the second half of 2024. This increase has pushed Vanguard’s stake in Alcoa to 10.03%, with a total of 25.98 million shares. In comparison, BlackRock holds 24.66 million shares, representing 9.52% of the company.
The shift in shareholding comes as Alcoa faces a challenging market environment. CEO Bill Oplinger recently addressed the company’s performance in a corporate video, as the company’s stock is down 19% so far in 2025, amid market concerns over tariffs. Despite this, analysts predict a rebound in Alcoa’s sales by 11.2% in 2025, forecasting a net profit of $933 million (EUR 862 million) compared to $60 million in 2024.
Alcoa is also working to secure the future of its San Cibrao complex. The company has formed a joint venture with Ignis Eqt, with Alcoa maintaining a 75% ownership stake. This partnership aims to support the planned restart of the San Cibrao smelter in 2025, which had been curtailed due to high energy costs.
