Nick Giles's questions to Alcoa Corp (AA) leadership • Q1 2025
Question
In a follow-up, Nick Giles asked about the potential for EU trade restrictions on aluminum from Iceland and Alcoa's interest in participating in Europe's industrial reshoring efforts.
Answer
President and CEO William Oplinger deemed it premature to speculate on potential EU trade actions due to high uncertainty. Regarding reshoring, he highlighted that Alcoa is already restarting its San Ciprián smelter in Spain, which adds capacity to Europe, but emphasized this action is driven by a contractual commitment despite the financial burden.