ALCOA making big moves to be more...

ALCOA making big moves to be more sustainable

www.alcoa.com/sustainability/en/sustana

Alcoa had USD $1.6B available cash at December 31st, they plan to maintain a target cash balance of USD $1B throughout FY2021.
They have $600m extra coming from divestments this quarter that leaves a balance of USD $2.2B. They plan to “sustain & improve existing ops with capex $425m this year” leaving circa $775m for investment activity, they have a 4 part strategy outlined in their latest investor presentation to “Use excess cash to maximise value creation” with 1 part of the strategy being “Transform the portfolio to lower costs to improve earnings through the cycle, while improving its sustainability profile & investing in medium sized value creating projects” These Quotes are taken directly from their latest presentation.

it’s all there between 10 minutes to 12 minutes

https://services.choruscall.com/links/aa210120BhNW8Per.html

judging by their other investments it looks more likely that they will head down the JV route rather than TO but WTFDIK
Either way the writings on the wall.


DYOR.
cheers