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This statistic highlights Alcoa Corp’s Revenue by Metal, split across Alumina, Aluminum (Other), Aluminum (Primary), Bauxite, and Other metals, reported on a quarterly basis.
This table highlights company’s revenue by metals for the years 2020, 2019, and 2018.
|Revenue by Metals||2018||2019||2020|
|Aluminum – Primary (%)||50.6%||52.0%||55.9%|
|Aluminum – Other (%)||15.2%||13.2%||12.7%|
Aluminum – Primary
Primary aluminum is a metal made from alumina, which is passed through smelting and casting operations, resulting in common alloy ingot products such as t-bar, sow, standard ingot; or value-add ingot products such as billet, rod, foundry, and slab. The main target market, to which the products are primarily sold, lies amongst the sectors of transportation, packaging, wire, building and construction, and other industrial markets.
It constitutes about 55.9% of the company’s combined revenue categorized by metals. It increased by 3.9% in 2020, as compared to the total share associated in 2019.
Alumina is an oxide that is extracted from bauxite, through the company’s global refining systems. A major customer of smelter grade alumina is the company’s own aluminum smelters because it acts as a basic raw material used to produce primary aluminum. Alumina can also be consumed for non-metallurgical purposes, therefore a minor part of the produce is sold to third-party customers, who convert it into industrial chemical products.
About 28.3% of the total revenue comes from alumina. There has been seen a gradual decline in revenue from 31.2% in 2019 to 28.3% in 2020, on a year-on-year basis.
Aluminum – Other
Other comprises Alcoa’s flat-rolled aluminum which is a metal in the form of a sheet. The rolled products are solely manufactured under the company’s Warrick Rolling Mill, which is an integrated aluminum manufacturing site situated in Indiana, United States. The main target market, to which the products are primarily sold, are the customers producing beverage and food cans, including tab, body, and end stock.
On November 30, 2020, the Company entered into an agreement to sell the Warrick Rolling Mill, primarily for the production of aluminum cans at a total consideration of approximately $670, to Kaiser Aluminum Corporation (Kaiser).
Bauxite act as a primary raw material in the making of alumina and is the primary source of aluminum, it is mined from the earth’s terrain in the form of an ore that looks like reddish clay rock. It also contains various aluminum hydroxide minerals, of which the most crucial ones are gibbsite and boehmite. A majority of the bauxite is processed into alumina made by the company and the rest is sold to third parties. The customer base associated with third parties lies in Asia specifically in China.
It increased by 0.1% on a year-on-year basis, specifically articulating, from 2.8% in 2019 to 2.9% in 2020.
About the Company
Alcoa stands for “Aluminum Company of America”, and as the name suggests it is a leading bauxite, alumina, and aluminum products making company. It is the sixth-largest aluminum producer in the world. It was founded in 1888 and was previously known as Alcoa Upstream Corporation which was changed to Alcoa in October 2016. The corporate headquarter of the company is located in Pittsburgh, Pennsylvania while its key market region lies in the United States, Canada, Australia, Spain, Brazil, and internationally. It operates through its three reportable segments; Bauxite, Alumina, and Aluminum. The common stock of the company is traded on New York Stock Exchange (NYSE) under the ticker symbol “AA”. Some of its primary competitors are Aluminum Corp of China Ltd, China Power Investment Corporation, UC Rusal, Rio Tinto, Emirates Global Aluminium (EGA), Shandong Xinfa Aluminum, and East Hope Group.
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