Alcoa’s subsidiary, Alumina Pty. Ltd., has announced a proposed $1 billion offering of senior notes, according to a company news release on March 3. The notes will be guaranteed on a senior unsecured basis by Alcoa and select subsidiaries and will be offered in a private placement to qualified institutional buyers. The pricing and terms...
READ MOREAlcoa has announced that its chairman, Steven Williams, will be leaving the company. Williams, who has served as chairman since 2021 and has been a board member since Alcoa’s separation from Arconic in 2016, will not seek re-election at the company’s annual shareholder meeting later this year. Williams is a veteran executive with decades of...
READ MOREAlcoa’s alumina production fell 8% annually, primarily due to the full curtailment of the Kwinana refinery, completed in June 2024. In contrast, aluminum production increased by 5%, driven by the restart of capacity at the Warrick smelter and continued progress at the Alumar smelter. For 2025, Alcoa projects alumina production between 9.5 and 9.7 million...
READ MOREAlcoa, the largest aluminum producer in the United States, reported a net profit of $60 million for 2024, reversing a loss of $651 million from the previous year. The company attributed its improved performance to lower raw material and energy costs, alongside higher alumina and aluminum prices, though these gains were partially offset by increased...
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