Aluminum
Adjusted EBITDA decreased 5% to $348 million, impacted by approximately $54 million in losses from Oswego interruptions and $34 million in tariffs.
For downstream fabricators and engineering focused buyers, this consistency at the smelter level is crucial.
The policy imposes a carbon cost on certain imports into the EU.
However, a second fire last November delayed that schedule.
The facility is planned as part of a $4B investment announced by Oklahoma officials to build a smelter outside of Tulsa, Oklahoma.
Muted end-user purchasing and a prolonged downturn in Chinese construction have weighed heavily on demand.
The acquisition price represented a 1.4% premium on CBA's closing price on Thursday.
The plant was projected to be the biggest economic investment in eastern Kentucky history.
Once completed, it will become the largest primary aluminum plant in the country.
Operating cash flow improved to $1.2 billion, enabling Alcoa to reduce total debt to $2.4 billion.
Braghi assumes the role with immediate effect and will report to President and Chief Executive Officer Steve Fisher.
16 companies have confirmed their participation in the alliance, which was launched on 1 January 2026.
According to Louisiana Economic Development, the refinery is expected to produce more than 1 million metric tons of alumina per year and up to 50 metric tons of gallium annually.
Both fires occurred in the plant’s hot mill, where the process of turning aluminum ingots into sheet metal for the automotive, beverage can and other markets begins.
One of the main drivers is China’s continued cap on aluminium smelting capacity.
Aluko will create 285 new jobs and invest $107.7 million to locate its integrated aluminum manufacturing operations in a former Tupperware building.
Mitsubishi Corp. is said to be among the companies exploring a possible investment, but negotiations are still at a preliminary phase.
The investment positions Kentucky as AKFA Group’s North American gateway, reinforcing Bowling Green’s growing reputation as a competitive destination for global manufacturers.
There's a 50 percent tariff on imported aluminum.
Since 2016, members have invested over $11 billion in U.S. operations.
The award ceremony was held on December 1, 2025, in Berlin.
This announcement also sends a message to trading partners.
The company plans to begin a formal consultation process with employee representatives at the affected plants immediately.
The anodes themselves are made using petroleum coke, a rocklike by-product of oil refining.
The decision is likely to affect around 180 roles at the refinery.