Alcoa Corporation operates primarily through two business segments: Alumina and Aluminum. The Alumina segment encompasses the company's global bauxite mining operations and alumina refineries, which process bauxite into smelter-grade and non-metallurgical alumina. The Aluminum segment includes primary aluminum smelting, casting, and select energy generation assets that support its energy-intensive smelting operations. Geographically, Alcoa maintains a significant footprint with operations in Australia, Brazil, Canada, Iceland, Norway, Spain, and the United States. Formed as an independent entity following its 2016 spin-off from the legacy Alcoa Inc. (which was subsequently renamed Arconic), the company is recognized as one of the world's largest producers of bauxite and alumina.