Alcoa(US:AA) Wen Hua Cai Jing·2025-10-23 01:01Core Viewpoint - Alcoa has signed a 10-year hydroelectric supply contract with the New York Power Authority and plans to invest approximately $60 million to modernize part of its aluminum smelting facility in Massena, New York [1] Investment Plans - The company will invest about $60 million for modernization efforts at its Massena aluminum smelting plant [1] - The investment is part of a new hydroelectric supply contract with the New York Power Authority [1] Import Tariffs Impact - Alcoa's CEO, William Oplinger, stated that the 50% tariff on imported aluminum has not incentivized the company to restart idle capacity at its Warwick smelting plant in Indiana [1] - Restarting the Warwick facility could cost around $100 million and take one to two years [1] - Oplinger emphasized that tariffs may change over time, indicating that the company is cautious about making significant investments based solely on current tariff conditions [1]