Alcoa Corporation reported record second quarter 2026 revenue of $3.966 billion, with net income attributable to the company of $407 million ($1.53 per share) and adjusted EBITDA of $901 million. The company entered into a definitive agreement on June 30, 2026, to acquire South32 Limited's bauxite, alumina, and aluminum assets (AliGroup) for approximately $4.1 billion upfront, plus a contingent value right of up to $750 million. Other key events include a final investment decision for a gallium production plant in Australia, a $65 million investment at the Mosjøen smelter in Norway, and the redemption of $219 million in 6.125% Senior Notes due 2028. Alcoa lowered its 2026 alumina production and shipment projections due to instability and gas supply disruptions at the Pinjarra refinery. Alcoa is a global leader in bauxite, alumina, and aluminum products.
