Item 2.02 Results of Operations and Financial Condition.
On
The second and third sentences of the second paragraph under the heading "Coronavirus" set forth under "Item 7.01 Regulation FD Disclosure" of this Current Report on Form 8-K are hereby incorporated by reference into this Item 2.02.
The information contained in this Item 2.02, including Exhibit 99.1 attached hereto, shall be deemed "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 7.01 Regulation FD Disclosure.
The press release of the Company dated
On
Coronavirus
In response to the coronavirus (COVID-19) pandemic, the Company continues to protect the health of the Company's workforce, prevent infection in the Company's locations, and mitigate impacts. As a result of these measures and the aluminum industry being classified as an essential business, all of the Company's bauxite mines, alumina refineries, and aluminum manufacturing facilities remain in operation with comprehensive measures in place for health and business continuity. Most of the Company's locations have had minimal disruptions. Company-wide there have been approximately 425 confirmed employee and contractor cases; however, most of the employees and contractors have received medical treatment, have returned to work, and are contributing to the Company's operations.
The Company has experienced a sequential decline in demand for aluminum
value-added products in the second quarter 2020 as its customers have reduced
production levels in response to the economic impacts from the pandemic.
However, for the second quarter of 2020, the Company's overall third party
aluminum shipment volume is expected to increase approximately 9 percent
sequentially as volume has shifted into lower priced commodity-grade ingot and
higher volume from the resumed
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To comply with health and safety restrictions in the Canadian province of
The Company is taking advantage of various government programs, primarily the
The information contained in this Item 7.01, including Exhibit 99.1 and Exhibit 99.2 attached hereto, shall be deemed "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Forward-Looking Statements
This Current Report on Form 8-K contains statements that relate to future events
and expectations and as such constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include those containing such words as "anticipates," "believes,"
"could," "estimates," "expects," "forecasts," "goal," "intends," "may,"
"outlook," "plans," "projects," "seeks," "sees," "should," "targets," "will,"
"would," or other words of similar meaning. All statements by
2
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit number Description 99.1 Press Release ofAlcoa Corporation datedJuly 8, 2020 99.2 Press Release ofAlcoa Corporation datedJuly 8, 2020 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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