Alcoa Corp

AA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Alcoa Earnings: Lower Alumina Prices and Tariffs Hit Earnings Hard

Mark Taylor

Jul 18, 2025

Alcoa reported second-quarter underlying income of USD 103 million, down 82% from the first quarter. This includes a 34% drop in realized alumina prices to USD 378 per ton and USD 115 million in tariff costs. Alumina and aluminum production were steady.

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Alcoa Corp

Alcoa Earnings: Lower Alumina Prices and Tariffs Hit Earnings Hard

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