Alcoa Corp. announced today that it will begin the process to immediately curtail one of three operating smelting lines at its Warrick Operations facility in Indiana due to operational challenges. Each of the three smelting lines at Warrick have approximately 54,000 metric tons per year of annual capacity. The one potline is expected to be fully curtailed by the end of the day on Friday, July 1, 2022. Alcoa Warrick [...]
Alcoa Corp. today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. The agreement for the Facility continues to be between Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corp., and a syndicate of banks. Alcoa has not drawn on the Facility, which has been [...]
Alcoa Corp. plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's Twitter handle @Alcoa at www.twitter.com/Alcoa. A conference [...]
Alcoa Corp. today announced a $51 million project to increase the production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year . Alcoa's Mosjøen location currently has a nameplate capacity of 200,000 mtpy, and the investment is expected to increase that capacity to 214,000 mtpy by the end of 2026. Amperage to the site's two potlines will be increased via improved electrical infrastructure, including [...]
Alcoa Corp. announced today that it is supplying low-carbon EcoLum™ aluminum to Hellenic Cables S.A., one of the largest cable producers in Europe with key markets in renewable energy transmission and distribution. Hellenic Cables, the cables segment of Cenergy Holdings, operates five manufacturing plants across three countries and manufactures power, telecommunication, and submarine cables, and compounds. The [...]
Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question-and-answer session at the Deutsche Bank 13th Annual Global Materials Conference in New York beginning at 9:45 a.m. Eastern Daylight Time on Thursday, June 9, 2022. The question-and-answer session will follow introductory comments regarding the Company's outlook in the current market [...]
Alcoa Corp. today announced the signing of a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprián smelter in Spain. The long-term power purchase agreement is with Greenalia, an independent renewable energy developer and producer. Subject to windfarm permitting processes, the agreement would commence in 2024 and extend to the end of 2033. Due to exorbitant energy [...]
Alcoa Corp. has released its 2021 Sustainability Report, which provides a detailed overview of the Company's progress against key environmental, social and governance objectives. "Now, more than ever, our world needs reinvention, and we made significant progress in 2021 against our vision to reinvent the aluminum industry for a sustainable future," said Roy Harvey, Alcoa President and CEO. "This year's sustainability [...]
Alcoa Foundation today announced a partnership with the International Union for Conservation of Nature to investigate how ecosystem restoration projects can successfully contribute to biodiversity and community benefits under different environmental and social contexts. Funded by a $1.5 million Alcoa Foundation grant, the three-year project will examine the biodiversity and community benefits of existing restoration [...]
Alcoa Corp. announced today that it has entered into a supply agreement to provide low-carbon EcoLumTM aluminum to Speira, a global aluminum rolling and recycling company. Alcoa's EcoLum™ brand is part of the Company's SustanaTM family of low-carbon products, the most comprehensive in the aluminum industry. "We're proud to supply Speira with low-carbon aluminum and assist our customer in their pursuit to continuously [...]
Alcoa Corp. today announced that the Alumar smelter in São Luís, Brazil has now energized its first 20 smelting pots as part of the ongoing restart of aluminum capacity at the location. Alumar's smelter is owned by Alcoa and South32 Ltd.. It has three smelting lines with 710 pots. More capacity will progressively come online, with the full annual capacity of 447,000 metric tons expected to be operational by the end of [...]
Alcoa Corp. today announced that Australian governments have provided $7.7 million of funding to conduct pilot trials on a new carbon reduction technology that supports Alcoa's Refinery of the Future initiative. Alcoa of Australia has received support to test electric calcination with $6.4 million from The Australian Renewable Energy Agency and $1.3 million from Western Australia's Clean Energy Future Fund . Calcination [...]
