Alcoa shares rose 8% to $43.69 in morning trading after Q3 2026 adjusted earnings of $1.82 per share beat the $1.49 consensus, although revenue of $3.7 billion missed the $3.76 billion forecast. The company agreed to sell portions of its Massena East site in New York for data center development, with potential proceeds of up to $315 million. Aluminum output rose for a sixth consecutive quarter, the Alumar smelter restart in Brazil was completed, and alumina output grew 11% sequentially. Lower prices and shipments cut Aluminum segment revenue 9% from the prior quarter, and Alcoa expects $30 million in higher raw material costs and $30 million in adverse alumina costs in Q4 2026. The article highlights whether the AliGroup acquisition of South32's bauxite, alumina and aluminum assets, funded partly by a $2.6 billion senior notes offering, closes in the first half of 2027.
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