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Alcoa sees Q3 operational tax expense $50M-$60M

For the third quarter 2025, the Aluminum segment expects sequential unfavorable impacts of approximately $90 million due to U.S. Section 232 tariffs on imports of aluminum from Canada. Alumina costs in the Aluminum segment are expected to be favorable by approximately $100 million sequentially. The Company expects Other expenses for the third quarter 2025 to remain consistent with the second quarter 2025. Based on current alumina and aluminum market conditions, Alcoa (AA) expects third quarter 2025 operational tax expense to approximate $50 million to $60 million, which may vary with market conditions and jurisdictional profitability.

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