Alcoa Corporation (NYSE:AA) Q1 2023 Earnings Call Transcript

And so to me, 53%, like I tried to be very clear in my remarks is already a point of significant warning that very quickly we’re going to get to a point where there’s the aluminum metal price LME that’s based off these inventories is going to be based off metal that nobody wants. That’s just not a place that we want to be. It’s just not sensible that we’re seeing curtailments to the rest of the world while Russia continues to operate at full capacity. It just has no sense to me, which is why we believe the sanctions are the best answer, number one. And number two, we think the LME should delist Russian metal immediately.Operator This concludes the question-and-answer session. I would like to turn the conference over to Roy Harvey for closing remarks.Roy Harvey Thank you, Vaishnavi, and thanks once again for everyone who joined our call today.

I’ve appreciated the questions and continued interest in Alcoa. And I also want to thank Molly for joining me for her first earnings call. I know she’ll be relieved that it’s over. But it’s also just a privilege and a pleasure to have her here at my side.As we outlined in our presentation today, we’re making progress every day in accordance with our purpose, vision and values. We aim for continued improvement in everything we do, and I truly have confidence in our teams and their abilities. We know how to solve problems. That’s been part of the aluminum industry for the 25 years that have been here. This includes the challenges that we face today while continuing to work on our long-term strategies on resolving Western Australia as a great example.

We know the future will bring even more importance to our products across the aluminum value chain as the world works to decarbonize. That’s why we’ve been so focused on building an even stronger company and not sacrificing the work that we’re doing on our breakthrough technologies, and we intend to remain resilient and ready and running forward.I look forward to talk to you again in July when we’ll share our second quarter results. In the meantime, please be safe. And once again, thanks for your time today. Good night, everyone.Operator The conference has now concluded. Thank you for attending today’s presentation. You may all now disconnect.