Alcoa Corporation (AAI.AX)
Alcoa Corporation operates in the Aluminum industry of the Basic Materials sector, headquartered in Pittsburgh, PA, US. The stock last traded at $73.19, down 7.32% on the session, giving a market capitalisation of $19.32B. Its beta of 1.62 implies it has historically moved more than the broad market.
Alcoa Corporation is a prominent international producer and vendor of bauxite, alumina, and various aluminum products, with operations spanning the United States, Spain, Australia, Iceland, Norway, Brazil, and Canada. Its business activities are structured into two core segments: Alumina and Aluminum. The company engages in bauxite mining, subsequently processing it into alumina for industrial chemical manufacturers, and also conducts aluminum smelting and casting. It supplies primary aluminum as alloy or value-added ingots to customers in the transportation, building and construction, packaging, and wire sectors. Additionally, flat-rolled aluminum in sheet form is provided, mainly for the beverage and food canning industries. Alcoa also owns and operates hydroelectric power plants, selling generated electricity on the wholesale market to traders, large industrial consumers, and other power companies. Established in 1886 and headquartered in Pittsburgh, Pennsylvania, the company adopted its current name, Alcoa Corporation, in October 2016, having previously been known as Alcoa Upstream Corporation.
Alcoa Corporation is most often compared with the following Basic Materials names: