Groundbreaking Ceremony Held for Alcoa Arconic’s Davenport, Iowa Plant Arconic held a groundbreaking ceremony for a $175 million investment project at its Davenport, Iowa plant. The project will add a state-of-the-art aluminum casting complex to the facility. For company leadership, the No. 10 Pit expansion project represented both growth in the manufacturing business and a long-term commitment to the region. With expanded capacity, advanced technology, and a focus on efficiency and sustainability, Arconic was positioning itself and the local community for the next generation of industrial growth. Once completed, No. 10 Pit will significantly expand casting ingot capacity, increase aluminum scrap recycling, and improve overall energy efficiency.

[SMM Aluminum Express News] Alcoa CEO Bill Oplinger confirmed at the BMO Global Metals, Mining and Critical Minerals Conference in Florida (Feb 24, 2026) that the company is targeting the sale of 10 closed or curtailed sites (mostly former aluminum smelters/refineries) to the data center industry, capitalizing on surging power demand for AI infrastructure. He stated: “We have 10 sites that we’re focused on selling into that space... We think we’ll have the first sale in the first half of this year. There are two that could follow quickly after that.” The first deal is expected to close by the end of June 2026. Specific sites and buyers remain undisclosed. This follows similar moves by rivals like Century Aluminum.

[SMM Aluminum Express News] Alcoa agreed to pay AUD 55 million (~USD 36–39M) to remediate unlawful clearing of over 2,000 ha in Western Australia's Northern Jarrah Forest (2019–2025) for bauxite mining, without approvals. Environment Minister Murray Watt granted an 18-month national interest exemption for continued limited clearing while a strategic assessment is completed, ensuring bauxite supply continuity. Alcoa caps annual clearing at 800 ha and will rehabilitate 1,000 ha/year by 2027.

On Tuesday, February 24, Emirates Global Aluminium (EGA) announced that Alcoa, Century Aluminium, and EGA have reached an agreement to promote the development of an emerging aluminum hub in Oklahoma. The company also stated that construction of the primary aluminum project in Oklahoma is expected to begin by the end of this year. In the joint development project between EGA and Century Aluminium, EGA holds a 60% stake, while Century Aluminium holds 40%.

Alcoa recently stated that the hefty tariffs imposed by the US on China would increase the company's annual costs by $10 million to $15 million, as some materials are sourced from Chinese suppliers with no alternative options. Alcoa's CEO, Roy Harvey, mentioned that even if all idle smelting capacity is restarted, the US would still face a shortfall of 3.6 million mt. Before increasing smelting capacity in the US, sourcing aluminum from Canada is the most effective supply chain solution. It was reported that Alcoa indicated the tariffs on aluminum imports from Canada are expected to cause the company a loss of approximately $90 million in Q2. Harvey noted during the earnings call that about 70% of the aluminum produced by the company in Canada is sold to US customers, now subject to a 25% tariff, which has already resulted in a loss of around $20 million in Q1. (CCTV News Client)

On April 17, Alcoa Corporation announced its operational and financial results for the first quarter of 2024 ended March 31, whereby it noted the revenue of $2.6 billion, down by 3.7 per cent from $2.7 billion a year ago but remained at par to the previous quarter.

[US Aluminum Plants Unlikely Without State Support, Says Alcoa] Alcoa's Chief Commercial Officer, Renato Bacchi, stated at the CRU World Aluminium Summit that the U.S. aluminum industry will not build new smelters without government assistance, particularly in reducing electricity and construction costs. He emphasized that smelters cannot compete for power with AI data centers, which can afford significantly higher energy prices. Bacchi also noted that constructing smelters in the West is three to five times more expensive than in Asia. Despite U.S. efforts to revive domestic aluminum production, including 25% tariffs on imports, Alcoa warns that such policies alone are insufficient. CEO Bill Oplinger previously estimated that replacing U.S. aluminum imports would require five to six new smelters, each demanding massive energy—equivalent to over ten Hoover Dams.

According to the financial report, Alcoa achieved revenue of $3.37 billion in Q1 2025, up 29.6% YoY. Net profit was $548 million, compared to a net loss of $252 million in the same period last year. Despite turning a loss into a profit, the net profit level did not meet market expectations. The financial report shows that Alcoa lost approximately $20 million in Q1 due to tariffs. William Oplinger, the CEO, stated in a conference call that about 70% of the aluminum produced by Alcoa in Canada is sold to the US market, and this part of the business currently requires hefty import tariffs. Alcoa indicated that the US tariffs on aluminum imported from Canada are expected to cause a loss of approximately $90 million in Q2. Additionally, as some raw materials are sourced from Chinese suppliers and there are currently no alternative options, the hefty tariffs on Chinese aluminum products are expected to increase the company's annual costs by $10 million to $15 million.

Donald Trump's tariff threat following his second presidential term inauguration on January 20 has already sparked speculation among aluminium industry leaders from both the domestic and international markets, prompting them to make strategic decisions regarding overseas trade.

Alcoa's CEO said on Tuesday that President Trump's plan to impose a 25% tariff on aluminum imports could result in the US losing approximately 100,000 jobs.