$AA

Trimet, a German aluminum producer, has requested Brazil's competition authority to block Alcoa's acquisition of South32's alumina business. Trimet argues the deal would reduce Brazilian suppliers of smelter-grade alumina to two and give the merged entity 52% of third-party sales, potentially controlling the global alumina price benchmark. The transaction would also reverse a 25-year-old structural remedy imposed on Alcoa.

South32 expects to complete the sale of its aluminium assets to Alcoa by June 2027 for up to $5.6 billion. The deal includes operations in South Africa, Australia, and Brazil. South32's Q3 2026 aluminium production remained steady, with Hillside producing 179,000 tonnes. The company also reported increased manganese and copper production.

The head of Canada's Aluminum Association hopes U.S. midterm election results will pressure Washington to roll back 50% tariffs on Canadian aluminum, impacting exports. Key producers like Rio Tinto, Alcoa, and Aluminerie Alouette have redirected shipments to Europe. Analysts caution against expecting immediate policy shifts, noting bipartisan 'America First' sentiment.

Alcoa Corp's Q3 profit doubled YoY to $483M ($1.81/share) due to mark-to-market gains, not core business improvement. Revenue rose 23.7% YoY to $3.7B but fell 6.6% QoQ. Alumina output increased 11%, while aluminium shipments dropped 5%. The company raised $2.6B for its AliGroup acquisition, increasing debt to $4.82B. Alcoa reaffirmed 2026 guidance and expects higher Q4 output.

Alcoa must now keep mining operations 2 km away from drinking water reservoirs near Perth, Australia, up from 1 km, following a government order. The order also expands no-mining buffers around protected trees. Alcoa has operated in the area for over 60 years and employs around 4,000 people in Western Australia. The company welcomed the decision, while environmental groups expressed concerns.

Brazil's competition authority, CADE, is reviewing Alcoa's proposed $4.1 billion acquisition of South32's bauxite, alumina, and primary aluminum business, which includes mining and production assets in Brazil, Australia, and South Africa.

Alcoa (AA) stock is 52.4% below its 2026 high, with a free cash flow yield of 8.5%. Revenue grew 11.2% year-over-year, and Q3 2026 revenue rose 23.7%. Operating margin improved to 11.4%, and free cash flow increased to $0.89 billion. Debt rose to $4.82 billion, with $4.41 billion in cash, partly from a bond sale for an acquisition.

Alcoa (AA) filed its quarterly report (10-Q) with the SEC on October 29, 2026. The filing includes periodic financial reports and exhibits. Investors can access the document for detailed financial performance insights.

Alcoa reported 3Q 2026 revenue of $3.7B, up 23.7% YoY, with net income of $483M and EPS of $1.81. Nine-month sales rose 16% YoY to $10.9B, driven by higher aluminum prices and shipments. Aluminum production increased 10% YoY, with production records at several smelters and a refinery.

Alcoa has received a temporary environmental order from the Western Australia government, requiring it to maintain a 2km buffer between its bauxite mining and water reservoirs, up from 1km, and a 50m buffer around protected trees, up from 10m, to protect water supplies and black cockatoo habitats. The company said it welcomes the decision and is committed to meeting community expectations.