AA
Alcoa
October 16, 2026 · market open
- Rarity
- 1.76
- Peak move
- +9.23%
- Float cap
- $10.5B
Alcoa is a vertically integrated aluminum producer that mines bauxite, refines it into alumina, and smelts and casts primary aluminum across operations in Australia, Brazil, Canada, Iceland, Norway, Spain, and the United States. It sells alumina and ingot, plus value-add products, to customers in transportation, building and construction, packaging, and industrial markets, and also generates and sells electricity wholesale.
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What we found
18 events · 0 from SEC or newswire · 0 timed with the moveregulatory_actionAlcoa said Western Australia's EPA review of its mine plan is taking longer than expected, with the approvals process now extending into 2027, and it has incorporated an additional six months of mining in current areas into its plans.
spinoff_divestitureAlcoa reached a definitive agreement to sell a portion of its Massena East, New York site for potential cash proceeds of up to $315 million, with $50 million-$65 million expected at closing within six months, as the first transaction toward its $500 million-$1 billion asset monetization target by 2030.
commodity_eventChina's most-traded alumina futures contract fell 1.60% to 2,584 yuan/mt and SHFE aluminum fell 1.05% to 23,040 yuan/mt on October 15, while LME aluminum slipped 1.57% to $2,987/mt.
analyst_ratingBank of America Securities analyst Lawson Winder reiterated a Sell rating on Alcoa and cut the price target to $48, citing Q4 margin pressure and higher interest expense.
executive_remarkOn Alcoa's Q3 2026 earnings call CEO William Oplinger said Western Australia's mining approval process now extends into 2027, requiring revised mine sequencing to protect bauxite supply.
demand_signalAlcoa CEO Bill Oplinger said global aluminum inventories remain historically low at about 42 days of consumption, leaving the market exposed to supply disruptions or demand spikes.
key_person_deathAn Alcoa employee found unconscious on September 16, 2026 at the Alumar smelter in São Luís, Brazil died after being taken to hospital; Alumar concluded its internal investigation into the work-related fatality involving lighting maintenance at its carbon plant.
- Key event
commodity_eventAlcoa's realized aluminum price fell to $4,527 per metric ton in Q3 2026 from $4,752 in the prior quarter, while its realized alumina price rose to $353 per ton from $334.
shareholder_voteSouth32 shareholders approved the sale of its bauxite, alumina and aluminum assets (AliGroup) to Alcoa on October 15, 2026, with 99.18% of votes in favor, targeting close in the first half of 2027.
earnings_releaseAlcoa reported Q3 2026 results with revenue of $3.7 billion, net income attributable to Alcoa of $483 million ($1.81 per share), adjusted EPS of $1.82 beating the $1.54 consensus, and adjusted EBITDA of $789 million.
guidance_changeAlcoa guided Q4 2026 Aluminum segment adjusted EBITDA to face about $30 million of unfavorable raw material and planned maintenance costs plus roughly $30 million of higher alumina costs, and projected full-year interest expense of about $185 million.
dividend_changeAlcoa's board declared a quarterly cash dividend of $0.10 per share, payable November 13, 2026 to stockholders of record as of October 27, 2026.
operating_metricsAlcoa said it set six year-to-date production records, increased aluminum production by about 15,000 metric tons sequentially to 649,000 metric tons, completed the Alumar smelter restart and recovered performance at the Pinjarra refinery.
debt_financingAlcoa completed a $2.6 billion long-term notes issuance in September 2026 to fund the cash consideration for the AliGroup acquisition and cancelled its bridge facility.
- Key event
commodity_eventAlcoa said the alumina price index rose sequentially to about $370 per metric ton and bauxite CIF China prices reached about $73 per dry metric ton on higher freight costs, with further alumina tightening expected in Q4 and into 2027.
- Key event
acquisition_acquirerAlcoa is acquiring South32's equity interests in certain bauxite, alumina and aluminum assets (AliGroup) for approximately $4.1 billion, funded partly by a $2.6 billion senior notes issuance, with closing expected in the first half of 2027.
commodity_eventReuters reported Gulf primary aluminum production slumped by an annualized 2.8 million tons between February and May after Iranian missile attacks and the Strait of Hormuz blockade.
analyst_ratingBarclays upgraded Alcoa to Overweight with a $55 price target on October 14, 2026, citing a tight aluminum market through 2026 and about $900 million of expected synergies from the South32 AliGroup acquisition.