Alcoa Corporation (AA) Presents at Citigroup 2025 Basic Materials Conference Transcript

Overview - The company has made significant progress since Bill Oplinger became CEO, particularly in securing IRA benefits and mine approvals [2][3] Group 1: Achievements Under New Leadership - The company gained IRA benefits under Section 45X, valued at approximately $60 million [2] - Transitional mine approvals for Western Australia were secured at the end of 2023 [2] - In 2024, the company announced and completed the acquisition of Alumina Limited [3] Group 2: Financial Performance - A profitability program worth $645 million was executed, which was delivered ahead of schedule and exceeded targets [3] - The company completed the sale of its Ma'aden joint venture by 2025 [3]