Record Aluminum Production
Achieved year-to-date aluminum production records at five smelters, contributing significantly to the bottom line.
Strategic Gallium Plant Development
Announced funding from the U.S. and Australian governments to develop a gallium plant at the Wagerup alumina refinery in Australia, reinforcing Alcoa's role in the critical mineral supply chain.
New Long-Term Energy Contract
Secured a new long-term energy contract for the Massena operations, along with a $60 million investment in the anode bake furnace, enhancing operational efficiency.
Increased Aluminum Segment Revenue
Third-party revenue in the Aluminum segment increased by 4% due to higher average realized prices, despite lower shipments.
Net Income Increase
Net income attributable to Alcoa increased to $232 million compared to the prior quarter's $164 million, with earnings per share rising to $0.88.