# Shares in Alcoa Corporation (ASX: AAI) have charged more than 7% higher on no news of note.

*business · news · 2026-05-25 · The Motley Fool Australia*

## Key points

- UBS upgraded Alcoa to 'Buy' due to Middle East conflict causing over three million tonnes supply disruption.
- UBS forecasts aluminium prices to stay above $3,000 per tonne over the next 1-2 years.
- Alcoa could initiate share buybacks in 2H26 if net debt falls below US$1–1.5 billion.
- Alcoa is in advanced negotiations to sell its idle Massena East smelter to NYDIG, potentially accelerating cash returns.
- UBS projects Alcoa's net debt could drop below US$500 million by end of 2026.

**Companies:** Alcoa Corporation
**Countries:** United States, China

[Read the full story on The Motley Fool Australia](https://www.fool.com.au/2026/05/25/why-are-alcoa-shares-among-the-top-asx-200-performers-today/)

---

Canonical: https://newsio.io/n/92d7cf12-f0bc-4197-ad97-44a8abc3c74b/shares-in-alcoa-corporation-asx-aai-have-charged-more-than-7-higher-on-no-news-o
Summarized by Newsio from The Motley Fool Australia. https://newsio.io/how-it-works