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.

Alcoa Corporation entered into an Umbrella Implementation Deed on June 30, 2026, to acquire South32 Limited's interests in bauxite mine, alumina refinery, and aluminum smelter operations for $3.1 billion in cash and approximately 17 million shares of Alcoa common stock valued at $1 billion. The deal includes a contingent value right of up to $750 million based on alumina and aluminum prices. Alcoa has secured a $3.1 billion senior unsecured 364-day bridge term loan facility from Goldman Sachs Bank USA to fund the transaction. Alcoa is an aluminum producer that operates in the mining and metals industry.

On June 30, 2026, Alcoa Corporation entered into an Umbrella Implementation Deed to acquire South32 Limited's interests in bauxite mine, alumina refinery, and aluminum smelter operations. The company intends to file a registration statement on Form S-4 with the SEC to provide further details regarding the transaction. Alcoa operates in the aluminum industry, producing bauxite, alumina, and aluminum.