Alcoa's Alumina Segment Growth Picks Up: More Upside to Come?

Key Takeaways Alcoa's Alumina segment output rose 1% sequentially to 2.48M metric tons in Q4 2025.AA saw alumina shipments climb 5% sequentially, backed by strong Australian refinery performance.Alcoa projects 2026 alumina output of 9.7-9.9M tonnes and shipments of 11.8-12.0M tonnes.Alcoa Corporation (AA) is benefiting from persistent strength in its Alumina segment, supported by strong performances across its assets and favorable prices. The segment is benefiting from growth in output at the Australian ref ...