Watch: Alcoa CEO Shares Company’s 2024 Accomplishments

President and CEO William F. Oplinger reflects on the Company’s major achievements across global operations and strategic initiatives.

Throughout the year, Alcoa continued to make real progress on developing a culture of safety and high performance. Thanks to the efforts of every Alcoan, we marked our fifth straight year without a fatality in our operations.

Alcoa also progressed mine approvals in Western Australia, a region critically important to the company’s future and where the Company continues to earn the right to operate.

Reducing complexity and costs led to the completion of most of a $645 million improvement program. Facilities in Quebec, Canada, and Mosjøen, Norway, also hit production milestones quarter after quarter.

In 2024, Alcoa also made steady progress on restarting Alumar’s potlines.

Additionally, Alcoa made two major strategic transactions:

• Acquired Alumina Limited, the largest transaction for the company since 2016; and
• Signed long-term alumina supply contract with Aluminium Bahrain B.S.C. (Alba).

You can watch the full video, and read the full transcript below:

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“Hello. As we close out 2024, I thought we'd take some time to reflect on some of the achievements that we've had during the course of the year. 2024 has been a really productive year for the company.

First and foremost, I'm really pleased with the safety culture that we're building in the organization. We've seen the results again in 2024 as our lagging indicators have improved. We will have another year that's fatality-free. It'll be our fifth year in a row, a fatality-free performance. It's an outcome of the work that you do on a day-to-day basis.

Critical risk management, leader time in field fatality prevention are all the key programs that allow us to operate safely.

Mine approvals have been a highlight again for 2024. We've developed a team in Western Australia that is doing a very good job at anticipating stakeholder requirements, and ensuring that we will have access to, the bauxite that we need for the future. So great work from the group there.

As a company, earlier in the year, we launched a series of initiatives to increase the competitiveness of our facilities. That adds up to around $645 million of improvement to the bottom line. We've made great progress on that program.

I see that as the first set of initiatives to really drive overall competitiveness of our organization.

Along the way, we've hit production records. We've highlighted those during the course of the year. I'll highlight them again. Quebec has had a fantastic year from the smelting perspective.

Norway, specifically Mosjøen, has had a really good year. In addition to that, the Western Australian refining ops have done a great job of dealing with the low quality of bauxite that we've had to mine during the course of the year.

I have to give a shout out to the team down in Alumar. Good progress on restarting the smelter there. We will be at 600 pots by the end of the year, out of a total pot complement of 710. They've done it safely. They've done it effectively. And, really excited about going into 2025 with that smelter operating fully.

Can't forget that we've had some customer wins during the course of the year. We announced another long-term agreement to supply alumina to Alba. And so really excited about the work that we're doing with our customers and the improvements we're seeing there. And then lastly, 2024 will be remembered as the year when we got the Alumina Limited transaction done.”