Alcoa Corporation has released its 2Q25 earnings results, reporting strong operational performance with maintained momentum in aluminum production. The company successfully closed the Ma'aden transaction on July 1, valued at $1.35 billion, with shares valued at $1.2 billion and $150 million in cash proceeds, which will primarily cover taxes and transaction costs. Additionally, Alcoa received a favorable decision in an ATO case, resulting in a $69 million deposit plus $9 million in interest received on July 2. The company anticipates owing approximately $225 million in cash taxes by June 2026. In terms of operations, Alcoa has managed to cover nearly all remaining energy exposures at Mosjøen with multi-year contracts and has mitigated tariff costs by redirecting Canadian-produced aluminum to non-U.S. customers. The company continues its advocacy and engagement with policymakers. There is no specific outlook or guidance provided in the results regarding future sales, revenues, or earnings.