Alcoa Q1 Report 2024

“In the rst quarter of 2024, we nalized the terms of our acquisition of Alumina Limited, which will bring strategic, operational, and nancial exibility,” said Alcoa President and CEO William F. Oplinger. “Raw material prices and markets are improving, and we are implementing near-term improvements to further strengthen Alcoa for the future.” 

Highlight

  • Entered into binding agreement to acquire Alumina Limited in all-stock transaction
  • Initiated process for the potential sale of the San Ciprián complex
  • Completed restart of one potline at Warrick Operations
  • Announced curtailment of Kwinana renery in Australia to be completed in the second quarter 2024
  • Implemented productivity and competitiveness program
  • Paid quarterly cash dividend of $0.10 per share of common stock, totaling $19 million
  • Finished the rst quarter 2024 with cash balance of $1.4 billion, includes $737 million in net proceeds from March 2024 green bond issuance 

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