FINWIRES · TerminalLIVE
FINWIRES

ASX:AAI

18 stories mentioning ASX:AAI

Every FINWIRES story that references ASX:AAI, newest first.

Asia

Australian Shares Flat; Southern Cross Media to Cut Up to 300 Jobs, Downgrades Fiscal Year 2026 Guidance

Australian shares were flat with a negative bias on Thursday after the US military launched fresh strikes on Iran for the second straight day.The S&P/ASX 200 Index was little changed to close at 8,633.20.On Wall Street, the Nasdaq Composite fell 1.98%, the Dow Jones declined 1.87%, and the S&P 500 was down 1.62%.The US military launched strikes on Iran ​after President Donald Trump promised new attacks if no peace deal is secured. Iran declared the closure of the Strait of Hormuz in ​response, and Brent crude oil futures rose over 1% to around $94 per barrel.On the domestic front, Australia's consumer inflation expectations fell by 0.1 percentage points in June to 5.5%, according to the Melbourne Institute Survey of Consumer Inflationary Expectations. Trimmed mean inflation expectations, after spiking in April, have moderated for two consecutive months, while wage expectations have remained unchanged for the past seven months, the survey added.In company news, Southern Cross Media (ASX:SXL) said it will cut between 250 and 300 full-time roles before June 30 as part of a cost reduction program, resulting in fiscal year 2026 restructuring charges of around AU$20 million. It now expects fiscal 2026 revenue of AU$1.86 billion to AU$1.87 billion, down from a previous guidance range of AU$1.91 billion to AU$1.92 billion.Alcoa (ASX:AAI) CFO Molly Beerman warned that its alumina unit will be "underwater" due to losses caused by energy disruptions and the blockage of the Strait of Hormuz, speaking during a presentation at the Wells Fargo Industrials & Materials Conference.Lastly, Megaport (ASX:MP1) said the retail component of its fully underwritten one-for-3.08 pro rata accelerated non-renounceable entitlement offer has opened, expected to raise about AU$309 million at AU$14.30 per share, the same price and ratio applied to the institutional component, which raised about AU$518 million.

ASX 200ASX:AAIASX:MP1ASX:SXL
Asia

Market Chatter: Alcoa Shares Fall After CFO Warns of Unprofitable Alumina Business

Alcoa (ASX:AAI) shares fell past 8% in recent Thursday trade after the company's CFO warned that its alumina unit will be "underwater" due to losses caused by energy disruptions and the blockage of the Strait of Hormuz.Speaking during a presentation at the Wells Fargo Industrials & Materials Conference, Alcoa CFO Molly Beerman said the alumina business "is very pressured right now" and will be unprofitable in the current quarter as a result of elevated production costs, Bloomberg reported.Alcoa's alumina refineries usually ship the material to aluminum smelters in the Persian Gulf, where refineries consume large volumes of fuel and electricity.Beerman said the company now anticipates a further $15 million of fuel costs at its São Luís refinery in Brazil, and also faces about $30 million of higher production costs at a refinery in Western Australia, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:AAI
Asia

Correction: Alcoa Says Tin Included in 2025 Conflict Minerals Report Either Not from Covered Countries or Scrap/Recycled Materials

(Corrects reference to the report in the first paragraph and updates throughout to include more details)Alcoa (ASX:AAI) concluded in its 2025 Conflict Minerals Disclosure report that the tin included in its products either did not originate in the Democratic Republic of the Congo or adjoining countries or from scrap or recycled materials.The company made the disclosure in a SEC filing dated May 29 and published on the Australian bourse Monday as it found that one supplier was likely to have supplied Conflict Minerals during the reporting year.Conflict minerals include coltan, cassiterite, gold, wolframite, and the derivatives tantalum, tin, and tungsten, according to the Form SD Specialized Disclosure Report.

ASX:AAI
Asia

SRG Global Discloses AU$1.85 Billion of Contracts; Upgrades Fiscal 2026 EBITDA Outlook

SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors, according to a Tuesday filing with the Australian bourse.The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million, which it said is above consensus estimates.The contracts include clients in water, defense, energy, industrial, health and education, ports, and data centers. Among them is a an eight-year term contract with Fortescue (ASX:FMG) for multi-disciplinary maintenance services, a five-year contract with Alcoa (ASX:AAI) to provide asset integrity and reliability services, and a seven-year contract with Origin Energy (ASX:ORG).

ASX:AAIASX:FMGASX:ORGASX:SRG
Asia

Alcoa Says One Supplier Likely Provided Conflict Minerals in 2025 Period

Alcoa (ASX:AAI) said an internal review found that one supplier likely provided the company with conflict minerals for products that it manufactured in 2025, according to a Monday filing with the Australian bourse.Conflict minerals are natural resources often extracted in conflict zones in Africa and sold to fund armed violence and human rights abuses.Tin is the only conflict mineral the company identified in its 2025 review.Alcoa believes that the 2025 conflict minerals included in its products either did not originate in the Democratic Republic of the Congo or adjoining countries, which are covered under the global conflict minerals mandate, or were from scrap or recycled materials, the company said.

ASX:AAI
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Tuesday.Fisher & Paykel Healthcare (ASX:FPH): +7%, AU$29.55NRW Holdings (ASX:NWH): +3%, AU$7.46Capstone Copper (ASX:CSC): +2%, AU$14.23Wesfarmers (ASX:WES): +2%, AU$77.31Ventia Services Group (ASX:VNT): +2%, AU$6.28Southern Cross Gold (ASX:SX2): +2%, AU$9.86Sims (ASX:SGM): +2%, AU$24.61Alcoa (ASX:AAI): +2%, AU$100.97Codan (ASX:CDA): +2%, AU$41.23Eagers Automotive (ASX:APE): +1%, AU$22.25

ASX 200ASX:AAIASX:APEASX:CDAASX:CSCASX:FPHASX:NWHASX:SGMASX:SX2ASX:VNTASX:WES
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

ASX 200ASX:AAIASX:CSCASX:EVNASX:JHXASX:LYCASX:NXTASX:PLSASX:RIOASX:S32ASX:SGH
Wire

Alcoa to Invest $65 Million in Norway Aluminum Smelter to Include Recycled Content in Casting Process; Shares Up 4%

Alcoa (ASX:AAI) will invest $65 million to expand foundry production capabilities to include recycled content in the casting process at its Mosjøen aluminum smelter in Norway, according to a Tuesday statement from the company.The investment will expand and upgrade the Mosjøen casthouse, increasing production capacity by up to 75,000 metric tons.The project is expected to be completed in phases, with commissioning and ramp-up scheduled to progress throughout 2028, the company said.Alcoa's shares climbed 4% in recent trading on Tuesday.

ASX:AAI
Asia

Alcoa Declares Quarterly Dividend

Alcoa (ASX:AAI) declared a dividend of $0.10 per share for the quarter ended March 31, according to a Friday filing with the Australian bourse.The dividend will be paid on June 5 to shareholders on record as of May 19, the filing said.The company paid the same dividend for the prior corresponding period, an earlier filing showed.

ASX:AAI
Asia

Alcoa Extends $1.25 Billion Revolving Credit Facility to 2028

Alcoa (ASX:AAI), along with its subsidiary Alcoa Nederland Holding and other affiliates, amended its existing $1.25 billion revolving credit agreement with a syndicate of lenders, according to a Tuesday Australian bourse filing.The amendment extends the facility's maturity to June 27, 2028, and removes select pricing components, including the secured overnight financing rate credit spread adjustment and sustainability-linked rate and fee adjustments, the filing said.The company made a one-time payment of an amendment fee equal to about 0.1% of each participating lender's commitment to the lenders that agreed to the amendment, the filing added.Alcoa's shares shed 1% in recent Tuesday trade.

ASX:AAI
Asia

Australia, Japan Elevate Critical Minerals as Core Pillar of Economic Security Cooperation

The Prime Ministers of Australia and Japan elevated critical minerals as a core pillar of their economic security relationship as part of the Australia-Japan Joint Declaration on Economic Security Cooperation, according to a Monday statement.The countries are committed to strengthening collaboration on investment and diversification of critical mineral supply chains.The Australian government will provide support of up to AU$1.3 billion through the Critical Minerals Facility and Export Finance Australia, including non-binding letters of support, to critical minerals projects involving Japan. The Japanese government provided around AU$370 million in investments and grants to certain projects.The key projects identified by the governments include Lynas Rare Earths' (ASX:LYC) project, Tivan's (ASX:TVN) Speewah fluorite project in Western Australia, Ardea Resources' (ASX:ARL) Kalgoorlie nickel project in Western Australia, as well as a project in which Alcoa (ASX:AII) is working with Japan Australia Gallium Associates to develop gallium recovery at one of Alcoa's operating alumina refineries in Western Australia.

ASX:AAIASX:ARLASX:LYCASX:TVN
Asia

Australian Shares End Slightly Lower; Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook

Australian shares were slightly lower at Friday's close as investors awaited potential ​US-Iran diplomacy over the weekend.The S&P/ASX 200 Index slipped 0.1% or 8.1 points to close at 8,946.90.US President Donald Trump announced a 10-day ceasefire between Lebanon and Israel and said talks between the US and Iran may take place over the weekend. Brent crude oil futures fell over 1% to $98.14 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On the domestic front, card activity in Australia rose 1.2% over the March quarter, with quarterly momentum subdued and slowing on the 2% average seen over the June, September, and December quarters in 2025, according to a report by Westpac. The Westpac-DataX Card Tracker Index declined 2.2 points over the three weeks to April 11.In company news, Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier. The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million.Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier. The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.Lastly, Paladin Energy (ASX:PDN) said it now expects fiscal 2026 triuranium octoxide production of between 4.5 million and 4.8 million pounds, up from previous guidance of 4 million to 4.4 million pounds, from the Langer Heinrich Mine in Namibia. Its shares reached a near two-year peak during the trading session.

ASX 200ASX:AAIASX:PDNASX:ZIP
Asia

ASX Biggest Losers

Here are the seven ASX-listed companies with the biggest losses on Friday.4D Medical (ASX:4DX): -5%, AU$6.08Evolution Mining (ASX:EVN): -4%, AU$13.30Whitehaven Coal (ASX:WHC): -3%, AU$8.13Alcoa (ASX:AAI): -3%, AU$96.50Westgold Resources (ASX:WGX): -3%, AU$6.25New Hope (ASX:NHC): -2%, AU$5.33Capricorn Metals (ASX:CMM): -2%, AU$11.53

ASX 200ASX:4DXASX:AAIASX:CMMASX:EVNASX:NHCASX:WGXASX:WHC
Asia

Update: Alcoa Posts Lower Q1 Adjusted Earnings, Revenue; Reaffirms 2026 Outlook; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier.Analysts polled by FactSet expected earnings of $1.53.Revenue for the three months ended March 31, was $3.19 billion, compared with $3.37 billion a year earlier.Analysts surveyed by FactSet expected $3.28 billion.The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.The company also reaffirmed its 2026 total aluminum segment production guidance and shipments, ranging between 2.4 million and 2.6 million metric tons, and between 2.6 million and 2.8 million metric tons, respectively.The company's shares fell around 3% in recent Friday trade.

ASX:AAI
Asia

ASX Preview: Australian Shares to Fall as Middle East Tensions Ease Tentatively; Alcoa Posts Lower Q1 Adjusted Earnings, Revenue

Australian shares are poised to fall on Friday as geopolitical tensions in the Middle East ease only tentatively, with markets digesting reports that the US and Iran are exploring a potential ceasefire extension alongside ongoing uncertainty over the Strait of Hormuz and global energy flows.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.3%, 0.4%, and 0.2%, respectively.In the macroeconomy, investors are eyeing the release of the Westpac leading index and the S&P Global flash manufacturing, services, and composite purchasing managers' index reports next week.In corporate news, Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share on revenue of $3.19 billion, compared with adjusted earnings of $2.15 on revenue of $3.37 billion a year earlier.Insurance Australia Group's (ASX:IAG) proposed acquisition of RAC Insurance has the potential to substantially reduce competition and therefore necessitates an in-depth phase 2 review, the Australian Competition and Consumer Commission (ACCC) said Friday.Australia's benchmark index fell 0.3% or 23.7 points to close at 8,955 on Thursday.

ASX 200ASX:AAIASX:IAG
Asia

Alcoa Posts Lower Q1 Adjusted Earnings, Revenue; Reaffirms 2026 Outlook

Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier.Analysts polled by FactSet expected earnings of $1.53.Revenue for the three months ended March 31, was $3.19 billion, compared with $3.37 billion a year earlier.Analysts surveyed by FactSet expected $3.28 billion.The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.The company also reaffirmed its 2026 total aluminum segment production guidance and shipments, ranging between 2.4 million and 2.6 million metric tons, and between 2.6 million and 2.8 million metric tons, respectively.

ASX:AAI
Asia

Alcoa Unit to Redeem $219 Million Notes Due 2028

Alcoa (ASX:AAI) said that its wholly owned subsidiary, Alcoa Nederland, has issued a notice to redeem all $219 million of its outstanding 6.125% senior notes due in 2028, according to a Wednesday statement from the company.The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the redemption date, and the repayment will be funded using the company's existing cash reserves.

ASX:AAI
Asia

Export Finance Australia, US Export-Import Bank Issue Letters of Up to $500 Million Each for Ardea's Western Australia Nickel Project

Export Finance Australia (EFA) and the US Export-Import Bank (EXIM) issued letters of support/interest of up to $500 million each for Ardea Resources' (ASX:ARL) Kalgoorlie nickel project in Western Australia after Australia's Minister for Resources and Northern Australia Madeleine King and the US Secretary of the Interior Doug Burgum agreed on priority critical minerals and rare earths projects under the two countries' bilateral Critical Minerals Framework, according to a Monday statement.The critical minerals include nickel, cobalt, gallium, magnesium, vanadium, and graphite.Other projects supported under the framework include Alcoa (ASX:AAI) Gallium recovery project in Western Australia, Arafura Rare Earths's (ASX:ARU) Nolans rare earths project in the Northern Territory, Astron's (ASX:ATR) Donald rare earths project in Victoria, Northern Minerals' (ASX:NTU) heavy rare earths project in Western Australia, VHM's (ASX:VHM) Goshen rare earths project in Victoria, and EQ Resources' (ASX:EQR) Mt Carbine tungsten project in Queensland.Ardea's shares were up over 2% in recent trading on Monday, while those of Astron rose nearly 1%. Shares of Alcoa fell 1%, Arafura fell 1%, VHM declined 5%, and those of EQ Resources decreased 9%.

ASX:AAIASX:ARLASX:ARUASX:ATRASX:EQRASX:NTUASX:VHM