Alcoa Corporation (Alcoa) is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company’s operations consist of three reportable business segments: Bauxite, Alumina, and Aluminum. The Bauxite and Alumina segments primarily consist of a series of affiliated operating entities held in Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa Corporation and Alumina Limited. The Aluminum segment consists of the Company’s aluminum smelting, casting, and rolling businesses, along with the energy production business. Its Bauxite segment consists of the Company’s global bauxite mining operations. The Company’s Alumina segment consists of the Company’s worldwide refining system, which processes bauxite into alumina. The Aluminum segment consists of its worldwide smelting and casthouse system, a rolling mill in the United States, and a portfolio of energy assets in Brazil, Canada, and the United States.
https://www.alcoa.com/global/en/home.aspAlcoa is a large US steel company and one of the main players in the industry in the world. It was founded in 1888. The corporation is a leader in the production of aluminum, it also mines bauxite and alumina. Through a network of subsidiaries, it also operates in Canada, Norway, Germany, Australia and Brazil and other countries. It controls 28 enterprises.
Initially, the company operated under the name Alcoa, Inc, and in addition to mining and processing metal, it also produced finished products: aluminum structures, car rims, and so on. However, in March 2016, a restructuring was made, and the mining and processing division became a separate unit - Alcoa Corporation.
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According to 2021 reports:
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On November 1, 2016, after the restructuring, the newly formed corporation received the status of an independent public company by making an initial public offering on the New York Stock Exchange under the ticker AA. They are currently a component of the S&P 400 index.
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