Alcoa Trading Volume Surges 49.96% to $191 Million Ranking 457th in Daily Volume

On April 2, 2025, Alcoa (AA) saw a significant increase in trading volume, reaching $191 million, a 49.96% rise from the previous day. This surge placed Alcoa at the 457th position in terms of trading volume for the day. The stock price of Alcoa also rose by 2.32%.

Alcoa, a global leader in bauxite, alumina, and aluminum products, has formed a joint venture with IGNIS EQT to ensure the stable and sustainable operations of its San Ciprián complex in Spain. Effective from March 31, 2025, Alcoa holds a 75% interest in the complex and will continue as the managing operator, while IGNIS EQT owns the remaining 25% stake. The joint venture aims to restart the San Ciprián smelter, which was curtailed in 2021 due to high energy costs. The restart is part of a viability agreement signed between Alcoa and its employees.

Alcoa and IGNIS EQT have contributed $81 million and $27 million, respectively, to the joint venture. Additionally, Alcoa may provide up to $108 million as needed for operations, with a priority position in future cash returns. Any further funding will require agreement from both partners and will be shared 75% by Alcoa and 25% by IGNIS EQT. The partnership combines Alcoa's expertise in managing global aluminum operations with IGNIS EQT's knowledge of energy markets.

In 2024, the San Ciprián smelter recorded a net pre-tax loss of approximately $50 million and negative cash from operations of around $60 million. For 2025, Alcoa expects a net pre-tax loss of approximately $80 million to $100 million, equating to $0.31 to $0.39 per common share. Associated cash used by operations is expected to be around $90 million to $110 million. Capital expenditure for the smelter's restart is estimated at $10 million, included in Alcoa's unchanged capital expenditure guidance.