Alcoa is “very bullish” on the outlook for aluminium as the energy transition drives increased demand, including a shift away from copper, CEO William Oplinger said on Wednesday. Speaking at a conference in Sydney, Oplinger highlighted that demand growth will be largely driven by the energy transition, with aluminium increasingly substituting for copper in certain...
READ MOREThe company released its third-quarter report for 2024, revealing revenue of 9.919 billion yuan ($1.36 billion), a year-on-year decline of 16.86%. Net profit attributable to shareholders was 217 million yuan ($29.8 million), while net profit after deductions stood at 135 million yuan ($18.5 million). Despite the overall revenue decline, the profitability of the pre-baked anode...
READ MOREAlcoa Corporation and Ignis Equity Holdings, the majority shareholder of Ignis Business Group, a vertically integrated energy company, announced that they are moving toward signing a strategic cooperation agreement to support the continued operations of Alcoa’s San Cibrao plant. Under the proposed agreement, Alcoa would provide €75 million, while Ignis would make an initial investment...
READ MOREAlcoa has announced a new agreement to supply up to sixteen and a half million metric tons of smelter-grade alumina to Aluminium Bahrain (Alba) over the next decade. The agreement, which will commence in 2026 and run through 2035, allows Alba to procure alumina primarily sourced from Western Australia, ensuring a consistent and reliable supply...
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