Alcoa

Alcoa has been fined A$55 million for illegally clearing native forest in Western Australia for bauxite mining. Despite the fine, Alcoa has been granted a national interest exemption to continue limited land clearing for 18 months, ensuring continued bauxite supply and operational certainty.

Alcoa is nearing a deal to sell its Massena East smelter, which has been idle since 2014. This sale will allow Alcoa to offload a non-performing asset and potentially generate revenue.

Alcoa, an aluminum company, is a prominent plaintiff in the tariff lawsuits. The United States===Supreme Court of the United States ruling is expected to positively impact Alcoa through potential tariff refunds and reduced import expenses.

Alcoa is unlikely to feel any impact as aluminum tariffs will remain in place under Section 232.

Alcoa shares fell after the aluminum producer reported first-quarter profit and revenue below analysts' estimates, citing elevated costs and softening demand.