Alcoa
AA · NYSE · Basic Materials
$44.43
$2.40 (-5.41%) today
Market Cap
$11.73B
24h Volume
$470.2M
P/E Ratio
9.2
52w High
$83.63
52w Low
$30.99
Est. AI Revenue
3%
7-Day Sparkline (Static)
Company facts
Performance
About Alcoa
Alcoa is a vertically integrated aluminum company. It mines bauxite, refines it into alumina, and smelts alumina into aluminum metal, selling to customers in transportation, construction, packaging, and electrical markets worldwide. Most revenue comes from selling alumina and primary aluminum at prices linked to global commodity benchmarks.
The company reports through two segments, Alumina and Aluminum, spanning mines, refineries, smelters, and casthouses across several continents. Its Sustana product line offers lower-carbon aluminum for customers with emissions targets. Aluminum's combination of conductivity, light weight, and low cost makes it the default metal for power transmission.
Alcoa traces its roots to 1888, when its founders commercialized the modern aluminum smelting process. Headquartered in Pittsburgh with roughly 14,900 employees, it remains the largest US-listed aluminum producer and a bellwether for the industry.
Alcoa in the AI buildout
Alcoa sits in the Raw Materials layer of the AI buildout. Aluminum is the primary conductor in high-voltage transmission lines, and grid expansion is one of the binding constraints on new data center capacity. Aluminum also goes into data center structures, cladding, and cooling hardware. Alcoa sells into the commodity market rather than to AI buyers directly, so its exposure runs through electrification demand broadly. The AI angle is real but thin relative to its cyclical end markets.
AA is tracked in Raw Materials & Mining, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
AA trades at $44.43, 26% of the way up its 52-week range of $30.99 to $83.63.
Market cap
Market capitalization is $11.73B, with an AI Exposure Score of 10 out of 100.
Valuation vs peers
Its P/E ratio of 9.2 is below the Raw Materials & Mining category median of 29.7.
Next earnings
Alcoa is next expected to report earnings on October 15, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Alcoa do?
Alcoa mines bauxite, refines it into alumina, and smelts aluminum metal through its two segments, Alumina and Aluminum. It sells to transportation, construction, packaging, and electrical customers worldwide and is the largest aluminum producer listed in the US.
How is Alcoa exposed to AI?
Through the grid and construction demand the buildout creates. Transmission lines use aluminum conductors, and data center shells use aluminum structurally. That demand is a small part of a cyclical commodity business, so Supercycle rates Alcoa Peripheral with an AI Exposure Score of 10 out of 100.
Is AA a pure play AI stock?
No. Alcoa is a commodity aluminum producer whose earnings track global aluminum and alumina prices, energy costs, and smelting economics. AI-driven electrification supports long-term demand but does not change the cyclical nature of the business.
Who leads Alcoa?
William Oplinger is Alcoa's president and CEO. The company was founded in 1888, is headquartered in Pittsburgh, Pennsylvania, and employs roughly 14,900 people across its global mining, refining, and smelting operations.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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