Roy Harvey

Alcoa Reports Record Net Income Of US$429 MM In 2021

Alcoa Reports Record Net Income Of US$429 MM In 2021

Pittsburgh aluminium pioneer Alcoa Corporation released results for the fourth quarter and full year of 2021 last week. Strong pricing of alumina and aluminium coupled by steady operational performance helped the firm set records in 2021. In the fourth quarter, Alcoa turned...

Events

Alcoa Turns In Strong Numbers Across The Board For The Year’s Opening Quarter

Pittsburgh aluminium pioneer Alcoa Corporation released results for the year’s first quarter last week. The firm turned in the best financial quarter in three years through the first three months. In the year’s first quarter Alcoa generated a net income of US$175 million, reversing the prior quarter’s net loss of US$49 million. Adjusted net income […]

Alcoa Sells Warrick Aluminium Rolling Mill To Kaiser For US$670 Million

Pittsburgh’s aluminium pioneer Alcoa Corp announced this week that it has agreed to sell its rolling mill business to California’s Kaiser Aluminum for about US$670 million. Alcoa said it will sell the rolling mill business held by Alcoa Warrick LLC to Kaiser for a cash payment of US$587 million and an agreement to take over […]

Alcoa Debuts World’s First Low-Carbon Smelter-Grade Alumina

American aluminium pioneer Alcoa Corporation announced last week an expansion of its low-carbon aluminium and alumina line Sustana. Per the firm, the line would expand by adding the industry’s first low-carbon, smelter-grade alumina EcoSource. Measured through the mining and refining process, EcoSource emits half the carbon dioxide equivalents per ton of alumina than the industry’s […]

Alcoa Weathers COVID-19 Storm In Second Quarter

Aluminium pioneer Alcoa Corporation released results for the second quarter on Wednesday, boasting both a better balance sheet and improved productivity despite the ongoing coronavirus pandemic. In the just-ended quarter the firm posted a total revenue of US$2,148 million, besting the prior quarter’s total of US$2,381 million but down on the year from last year’s […]