Sign in

John Tumazanos

Research Analyst at John Tumazanos Very Independent Research

John C. Tumazos is Managing Director, Principal, and Director of Research at John Tumazos Very Independent Research, LLC, where he specializes in metals, mining, fertilizers, and forest products. He covers over 30 institutional clients across the U.S. and Canada, providing actionable investment research on companies such as Royal Gold, Alamos Gold, Pan American Silver, Hecla Mining, Coeur Mining, Triple Flag, Altius Minerals, Deterra Royalties, and others. Over his career, Tumazos has hosted conferences showcasing 145 companies that were later acquired for $126 billion combined and has been recognized 42 times on the Institutional Investor All-American Team, including five first-place rankings and induction into both the Institutional Investor and Wall Street Journal Research Halls of Fame. He began his research career in 1979 with roles at Morgan Guaranty Trust, Oppenheimer & Co., DLJ, Bernstein, and Prudential before founding his firm in 2007, and he is a CFA charterholder with graduate degrees from Carnegie Mellon.

John Tumazanos's questions to Alcoa (AA) leadership

Question · Q3 2025

John Tumazanos inquired about the context of the 10-year Massena energy agreement, specifically regarding rising electricity demand from data centers or new capacity, and whether any infrastructure from the old Massena West plant could be reactivated for aluminum production or other uses.

Answer

William Oplinger, CEO, detailed the Massena agreement provides 20 years of competitive, low-cost green energy, enabling a $60 million bake furnace investment. He acknowledged competition from data centers but emphasized the New York Power Authority's commitment to jobs. He clarified that Massena East (not West) has no pot line for aluminum restart but offers opportunities for data centers/AI due to existing electrical infrastructure.

Ask follow-up questions

Get Instant Answers from SEC Filings & Earnings Calls

Ask complex financial questions and get precise answers in seconds. Fintool scans millions of documents to surface insights beyond timely human analysis.

Search across 8,000+ companies
Access millions of SEC filings & transcripts
Get answers cited to the source
Try Fintool for Free

Trusted by leading investment firms and analysts