Alcoa Corporation SWOT and PESTLE Analysis

Alcoa is an American MNC and headquartered in Pittsburgh, USA. It was founded in 1888 in Pittsburgh. It is the leading producer in bauxite, alumina. It also produces certain compounds for customer specific needs. Alcoa has operations in ten different nations. Alcoa participates actively and increasingly in all key areas of the industry, including technology, mining, refining, smelting, fabricating, and recycling. As a result, it is a significant producer of primary aluminium, fabricated aluminium, and alumina combined. It has plants for aluminum smelting and refining as well as flexible energy portfolio. Several global refineries are supplied by its raw materials. It is world’s largest bauxite mining Company. Alcoa’s Western Australia refineries supply 8% of global alumina needs and are the third largest single alumina source. The 2021 Platts Global Metal Awards recognised Alcoa's industry leadership, which recognises companies that are shaping the future of the metals sector. In May 2022, Alcoa Corporation announced the signing of a renewable energy contract to support the planned restart of aluminium smelting at the San Ciprián smelter in Spain in 2024. Greenalia, an independent renewable energy developer and producer, is the recipient of the long-term power purchase agreement. The agreement would begin in 2024 and last until the end of 2033, subject to windfarm permitting processes.

The USP of Alcoa is that it is world’s eighth largest producer of aluminum. Alcoa’s vision is to become the best company in the world—in the eyes of its customers, shareholders, communities and people.