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April 24, 2024


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About the Company

Alcoa Corporation (an acronym for "Aluminum Company of America") is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. Alcoa emerged in 1888 as the brainchild of Charles Martin Hall, with the funding of Alfred E. Hunt and Arthur Vining Davis. Alcoa was the first mass producer of aluminum. Prior to Alcoa's formation, aluminum was difficult to refine, and a result was more expensive than silver or gold. In 1886, Hall discovered the Hall–Héroult process, the first inexpensive technique for refining aluminum, drastically reducing the price of aluminum, while increasing its availability. Hall approached Hunt and Davis to form a company to bring his process to market; the three founded Alcoa as the Pittsburgh Reduction Company, which expanded quickly. Hunt died in 1898 after fighting in the Spanish–American War. The company changed its name to the Aluminum Company of America in 1907. Alcoa increased production 40% during World War I, and was an important supplier of Aluminum in World War II. In the 2000's, Alcoa purchased numerous competitors, including Reynolds Group Holdings (makers of Reynolds Wrap). On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. Alcoa has been criticized for its lax environmental record; in 2010 it was the 15th worst polluter in the United States.

Sector

Manufacturing

Industry

Primary Production of Aluminum

Employees

15102

Exchange

NYSE

$13B

Total Revenue

15K

Employees

$6B

Market Capitalization

-9.62

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $AA News

What's Hurting The Aluminum Market Should Be Good For Alcoa

2h ago, source:

Rising aluminum prices due to the sanctions may reduce demand, particularly in Europe. Click here to see why it is good for ...

Alcoa Corporation Faces Major Operational Headwinds Into The End Of FY24

6d ago, source: Seeking Alpha

The very next day after Alcoa announced their Q1'24 earnings results, the Biden administration threw the company a nudge that ...

Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript

6d ago, source: InvestingChannel on MSN

Q1 2024 Earnings Call April 17, 2024 Alcoa Corporation misses on earnings expectations. Reported EPS is $-0.81 EPS, ...

Analyst: Alcoa Stock Sports Strong Setup

3d ago, source: SchaeffersResearch.com

Alcoa stock has spent most of April trading in a tight range, with its 20-day moving average containing any serious pullbacks ...

Alcoa Reports Q1 Results; Newmont's 2023 Sustainability Report; Foremost Lithium To Attend Planet MicroCap Showcase And More: Thursday's Top Mining Stories

on MSN ago, source:

Alcoa Corp (NYSE:AA) reported first-quarter losses of 81 cents per share with revenues of $2.6 billion, slightly above the ...

Looking Into Alcoa's Recent Short Interest

22h ago, source:

According to Benzinga Pro, Alcoa's peer group average for short interest as a percentage of float is 4.94%, which means the ...

Assessing Alcoa: Insights From 5 Financial Analysts

6d ago, source:

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by ...

Alcoa's $1.1b bill to rehabilitate South West mines and manufacturing plants revealed

5h ago, source:

The price tag to rehabilitate Alcoa of Australia’s mines, manufacturing plants and residue sites has surpassed $1.1 billion ...

Why Alcoa Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

on MSN ago, source:

Shares of Alcoa Corporation (NYSE: AA) rose sharply in today’s pre-market trading after the company reported ...

Alcoa Retirees Are Latest to Sue Over Athene Pension Transfers

10d ago, source:

Four Alcoa USA Corp. retirees filed a proposed class action saying the company mishandled the pensions of more than 28,000 ...

Alcoa sued over transferring pension assets to Athene

9d ago, source: Pensions&Investments

The Alcoa retirees also sued Fiduciary Counselors, an investment consulting firm that is an independent fiduciary for pension ...

Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says

7d ago, source:

Alcoa receives price target increase from analysts after beating earnings estimates. Alumina production and shipments ...

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