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Alcoa CEO Affirms Promise of No New Aluminum Smelters

  • CEO reiterates pledge to eschew traditional aluminum-making
  • Comments come as global shortages send aluminum to record high
A casting technician takes the top off of a mold at an Alcoa castings plant in Hampton, Virginia.

A casting technician takes the top off of a mold at an Alcoa castings plant in Hampton, Virginia.

Photographer: Jay Paul/Bloomberg
Updated on

Alcoa Corp.’s top executive is doubling down on his company’s promise to not add new aluminum capacity, indicating the world shouldn’t rely on the largest U.S. aluminum producer to help ease supply pains. 

Chief Executive Officer Roy Harvey said Tuesday that Alcoa has no plans to add capacity by building or adding aluminum smelters. His words reiterate a position made by the Pittsburgh-based company in November, which vowed to only build low-emission mills using technology from a venture dubbed Elysis.