South32 shareholders approve R92bn Alcoa deal

Alcoa reported Q3 2026 revenue of $3.7B, up 23% YoY but down 7% sequentially. Aluminium revenue fell 9% sequentially, while alumina revenue rose 7%. Production increased in both segments. The company expects higher production in Q4 but warns of higher costs. Adjusted net income was $485M, and adjusted EBITDA was $789M.

Alcoa Corp. agreed to sell part of its idle 1,600-acre Massena East smelter site in New York for up to $315M. The deal, pending approvals, is expected to close in six months, with initial proceeds of $50M-$65M and additional payments tied to future development.

Alcoa sold its New York aluminum smelter to an unnamed buyer, likely NYDIG affiliate North Country Colocation Services, for $315M. The deal may yield $50M-$65M upfront and up to $250M over seven years. Alcoa aims to monetize former smelter sites, with two other potential deals in progress. The buyer plans a 635MW data center on the 88-acre site. According to Alcoa, the transaction supports its asset monetization strategy.

Alcoa has agreed to sell parts of its Massena East site for up to $315 million. The sale could generate $50M-$65M at closing, with additional payments up to $250M possible. The deal is expected to close in six months, according to the company.

Alcoa plans to sell part of its Massena East site for up to $315M, with $50M-$65M due at closing. The sale supports its goal of $500M-$1B from asset monetization by 2030. Alcoa also expects to complete its $4.1B acquisition of South32's assets by mid-2027. Q3 revenue was $3.7B, down 7% from Q2, with alumina prices rising and aluminum prices easing.

Alcoa's stock closed at $41.45 on 16 Oct 2026, up 2.55% from the previous day, despite adjusted earnings of $1.82 beating estimates. The stock's high of $44.348 was not sustained, and the close was below the open. Adjusted net income fell 13.7% from the previous quarter. The company reaffirmed production guidance and expects to close the AliGroup acquisition in early 2027.