Alcoa

The Tennessee Bureau of Investigation (TBI) has issued a Silver Alert for 84-year-old Jacqueline Wiggins, who was reported missing in Alcoa. The alert was issued to assist in locating the elderly woman.

Alcoa agreed to purchase South32’s bauxite, alumina, and aluminum assets for $4.1 billion, consisting of $3.1 billion in cash and 17 million Alcoa shares. The assets include South32’s stakes in the Alumar complex in Brazil.

Alcoa has acquired South32’s alumina and bauxite assets for $4.8 billion. The deal follows disruptions in the Middle East, which have driven up grey metal prices.

Alcoa is capitalizing on higher aluminum prices despite production costs and shipment issues. The company is benefiting from structurally higher prices. This trend may continue to impact Alcoa's performance.

US mining company Alcoa is facing further investigation for deliberately breaching environmental laws at its Willowdale mine in Western Australia, destroying habitat for protected species including black cockatoos, quokkas, and numbats. This follows a $55 million settlement in February for similar violations at its Huntly mine, and a previous $40 million penalty to avoid prosecution.

Alcoa is in talks to sell its idle Massena East aluminum smelter in upstate New York to Bitcoin mining firm NYDIG. The smelter, which has been closed since 2014, offers existing heavy electrical infrastructure and hydropower access, making it suitable for digital asset mining. The transaction aligns with Alcoa's strategy to divest underperforming U.S. smelter assets.

Alcoa, a major aluminum producer, is pivoting to capitalize on the energy demands of cryptocurrency mining by leveraging its existing infrastructure. The company aims to generate revenue by supplying energy to crypto operations, shifting focus from traditional smelting to supporting servers used in blockchain technology.

Alcoa is nearing a deal to sell a dormant New York smelter site to Bitcoin miner NYDIG, with the transaction expected to close mid-year. The aluminum company is working to offload 10 dormant U.S. smelter sites.