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Alcoa Corporation Issues Statement Following Country-wide Power Outage in Spain

1. Alcoa's San Ciprián operations were disrupted by a nationwide power outage in Spain. 2. Assessment ongoing to gauge the full impact on the refinery and smelter.

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FAQ

Why Bearish?

Disruptions can lead to reduced production and potential revenue loss, as seen in past power outages affecting similar operations. Alcoa's vulnerability may mirror historical incidents where operational interruptions led to stock price declines.

How important is it?

Significant operational issues may impact investor confidence and stock performance. The ongoing assessment emphasizes the seriousness of the situation, which may lead to future concerns about efficiency and productivity.

Why Short Term?

Due to immediate operational disruptions, effects likely manifest in the near term. Production evaluations and recovery timelines can impact short-term stock performance.

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SPAINPOTAAI
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA; ASX: AAI) today issued the following statement regarding the impact on the Company's San Ciprián operations in Spain following the country-wide loss of power on April 28: "Alcoa's San Ciprián complex was impacted by the widespread power outage across Spain. As a result of the outage, both the refinery and smelter at the complex were affected. The Company is conducting a thorough assessment of the facility to determine the full extent of.

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