William Oplinger on supply shock
From Alcoa CEO on Aluminum Prices Hitting New Highs · · Stockology Insider
“The conflict is having as you can imagine a massive impact on the aluminum industry. So if you step back um close to 10% of the uh production uh of aluminum in the world is inside the straight of Hormuse. So that's roughly 7 million metric tons. Around 2.5 million metric tonses of that has already come offline. Uh what that means is that we're seeing a very tight uh aluminum market.”
On , William Oplinger, President, Chief Executive Officer & Director at ALCOA CORP, spoke about supply shock during Alcoa CEO on Aluminum Prices Hitting New Highs on Stockology Insider.
About William Oplinger
In April 2026, Oplinger stated that Alcoa met its internal expectations for the first quarter, reporting $600 million in EBITDA and guiding to a stronger second quarter. He described the aluminum market as "very tight" and "getting tighter," attributing this to conflict in the Middle East that has taken approximately 2.5 million metric tons of production offline. Oplinger said that even if the conflict were resolved immediately, it would take up to a year to restart some capacity, and he expressed a belief that "many people are underestimating the tightness in the US markets in the May-June time frame." Regarding US production, Oplinger said Alcoa does not see opportunities to build greenfield capacity in the United States because it cannot obtain low-cost energy at the level it requires. He noted that the company is paying over a billion dollars in tariff costs on imports from Canada but that those costs are passed on to customers through pricing. Oplinger also mentioned that Alcoa issued a notice to redeem $219 million of its 2028 notes and outlined a capital allocation framework prioritizing sustaining operations, maintaining a strong balance sheet, and balancing shareholder returns with growth.