>> ABSOLUTELY CLEAR WITH
PRESIDENT VLADIMIR PUTIN ANY IS
NO MISUNDERSTANDING FINNY
ASSEMBLED RUSSIAN MOVES ACROSS
UKRAINIAN BORDER, THAT IS AN
INVASION BUT IT WAS MET WITH
SEVERE AND COORDINATED THE
RESPONSE AND I DISCUSS IN DETAIL
WITH OUR ALLIES AS WELL AS LAID
OUT VERY CLEARLY FOR PRESIDENT
VLADIMIR PUTIN AND SWEET IF
PRESIDENT BIDEN TODAY CLARIFYING
COMMENTS THAT HE MADE YESTERDAY
DURING HIS NEWS CONFERENCE, THIS
AFTER A COURSE OF CRITICISM RAIN
DOWN ON HIM FOR SUGGESTING THAT
THE U.S. HAD A SLIDING SCALE OF
SOURCE WHEN IT COMES TO
RESPONDING TO A RUSSIAN INVASION
OF UKRAINE AND THIS WAS
YESTERDAY.
BIDEN: RUSSIA WILL BE HELD
ACCOUNTABLE, IF IT INVADES IT
DEPENDS ON WHAT IT DOES, IF IT’S
MINOR, THEN WE END UP HAVING TO
FIGHT ABOUT WHAT TO DO AND WHAT
NOT DO.
LIZ: CLEARLY THAT UKRAINE’S
LEADER ZELENSKY VOTE THERE ARE
NO SUCH THINGS AS MINOR
ENCOURAGEMENT WHEN IT COMES TO
INVASIONS OF THIS COUNTRY AND
THE INTENTIONS OF GOT THE NOTICE
OF THE BUSINESS WILL PRETTILY
THE U.S. ALUMINUM INDUSTRY
BIGGEST PLAYER AND DURING THE
CONFERENCE CALL CONCERNING BLOW
OUT RITA NUMBERS AND SEO WARNS
THAT ANY ACTIVE AGGRESSION BY
RUSSIA, ROLES LARGEST SECOND
LARGEST PRODUCER COULD IMPACT
AMINO ON FOXBUSINESS EXCLUSIVE
FOR THE FIRST BROADCAST
INTERVIEW, ROY HARVEY AND FIRST
OF ALL CONGRATULATIONS ON
EARNINGS WHICH COMPLETELY
SMASHED ESTIMATES, AVOID TO DO
PROFIT SO MUCH HIGHER THAN WITH
THE STREET AND EXPECTED.
ROY: LIZ I APPRECIATE THE
OPPORTUNITY TO BE HERE AND TALK
ABOUT ALCOA, WE HAVE BEEN
WORKING ACROSS THE BOARD TO TRY
TO TRANSFORM AND TRANSFORM THIS
COMPANY FIVE YEARS AGO WE
SEPARATED INTO THE STANDALONE
COMPANY WE ARE TODAY AND REALLY
A LOT OF WHAT HAPPENED IT IS
CULMINATED WITH WHAT WAS A VERY
STRONG HERE SO WHEN YOU THINK
ABOUT THE STRENGTH THE BALANCE
SHEET AND HER ABILITY TO BE ABLE
TO LOWER THE DEBT AND BALANCE
OUR FIRST EVIDENT IT, IT GIVES
RAISE THE STRENGTH WE HAVE THE
STRENGTH WERE TRYING TO DRIVE
FOR THE FUTURE AND YOU KNOW, BUT
ALSO WHEN WE THINK ABOUT WHERE
WE FIND OURSELVES TODAY,
ALUMINUM IS RECYCLABLE LIGHT
WEIGHT AND IT ABSOLUTELY PART OF
TODAY’S STORY WILL BECOME
SCREENER BUT MORE OPENLY FOR THE
FUTURE AND SILENTLY TALK ABOUT
FOURTH-QUARTER RESULTS IN OUR
PLEA 21, RESULTS AND OF COURSE
PART OF THAT IS THE TECHNOLOGY
ROADMAP TO THE CARBONIZED AND
ONE FINAL POINT THEY PUT INTO IT
IS THAT WERE ALSO SING THESE
SHIFT IN ALUMINUM THIS DRIVE
TOWARDS RENEWABLE ENERGY, THIS
DEMANDED STRENGTH ACROSS EVERY
ONE OF OUR SECTORS, IT MEANS
THAT WE ARE SAYING AN UPLIFT IN
ALUMINUM PRICING AND THEN THE IT
IS GREAT FOR ALCOA BECAUSE IT
ALLOWS US TO BE QUICKER THINKING
YOUR PORTFOLIO DRIVING THE
FUTURE.
LIZ: THIS WINTER MINOR INVESTOR
AUDIENCE TO UNDERSTAND IS THIS
IS NOT YOUR GRANDFATHER’S ALCOA,
THIS IS A COMPANY WITH SUCH AN
INCREDIBLE HISTORY BUT YOU HAVE
REALLY, WE BEEN WATCHING, MUCH
MORE INTO THE NEW MILLENNIUM AND
REALLY MAKING IT THE ABILITY
ASPECTS OF IT BUT ALWAYS PAIRED
WITH THE BUSINESS POSSIBILITIES
AND THE PROBABILITIES FROM THOSE
OPTIONS AS WELL AS THE ELECTRIC
VEHICLE OPTION AS WELL WHICH I
REALLY WANT TO GET INTO ON THE
SECOND BUT IF YOU TALK ABOUT
YOUR GUIDE IS FOR Q1, YOU SAID
THAT IT WAS SIMILAR TO WHAT YOU
JUST CAME OUT OF, Q4, BASED ON
CURRENT PRICING BUT OF COURSE WE
ALL KNOW THERE’S NO GUARANTEE
THAT PRICES WILL REMAIN STATIC
AND ALREADY, THERE UP
SIGNIFICANTLY IN WHICH YOU ALSO
REFERENCE WAS THE SIMMERING
TENSION BETWEEN RUSSIA AND
UKRAINE IT COULD ACTUALLY AFFECT
THE PRICE OF ALUMINUM AND ALSO
IN HOW YOU MODEL FOR SOMETHING
LIKE THAT.
ROY: IS ONE OF THE JOYS OF BEING
COMMODITY PLAYER THAT YOU HAVE A
VERY DIFFERENT DAY THAT PRESENTS
ITSELF EVERY MORNING WHEN YOU
REALLY GET OUT OF BED AND THAT
CAN BE ON THE DEMAND SIDE OR ON
THE SUPPLY SIDE OF PRICING AND
FOR US WE LOOK FOR Q1, YOUR COST
INFLATION PRESSURES WHEN YOU AT
ENERGY AND RAW MATERIALS THAT WE
USE A VERY IMPORTANT THAT WE
ALSO HAVE A LOT OF REALLY GREAT
STRENGTH INSIDE OF OUR STRICTER
PRODUCT FREEDOMS AND MIDWEST
PREMIUMS THAT ARE REGIONAL BASED
IS ALL OF THIS HOUSE TO SUPPORT
THIS EXPECTATION THAT WE CAN DO
JUST AS GOOD AND Q1 AS WE DIDN’T
Q4, WITH SOME OF THE
UNCERTAINTIES THAT ARE HAPPENING
AT THE UKRAINE IS ONE OF THEM A
COVID-19 AS WELL IS ALSO PART OF
THAT AND OUR JOB IS TO MAKE SURE
THAT WE ARE MAKING OUT HOPEFULLY
UP CYCLE PROOF SO THAT WE CAN BE
SUCCESSFUL NO MATTER WHAT
HAPPENS IN ANY A LOT OF WHAT WE
TRY TO DO FOR ALCOA’S BECOME
FASTER HIM MAKING DECISIONS
BECOME LESS OF AN JUST TRY TO
BUILD VALUE FOR OUR STOCKHOLDERS
IN OUR COMMUNITIES WITH EVERY
SINGLE DECISION THAT WE MAKE.
LIZ: AND YOU DEFINITELY DONE
THAT AND TODAY ALONE, YOUR
STOCKS ARE GETTING ABOVE OF MORE
THAN 4 PERCENT, BUT WHEN YOU
TALK ABOUT THE PRICING CAN YOU,
HE KNEW YOU GUYS MAKE
PREDICTIONS ANTICIPATION FOR
PRICES OF ALUMINUM AND
EVERYTHING THAT YOU MIND, TO ME
WHICH A PRICE PREDICTION AS FAR
ALUMINUM THEIR ASSESSMENTS
OUTDOOR A YEAR.
ROY: WE DON’T SPECIFICALLY MAKE
A PRICE FORECAST WE RELEASE, WE
TRY TO DO IS UP ONE OF THE
FUNDAMENTALS OF THE SUPPLY AND
DEMAND THE PROJECT THAT FORWARD
AS OF THE DEMAND SIDE, LINDA
SAID, 2022, SHOULD BE EVEN
BETTER THAN WHAT WE SAW IN 2021
WHICH WAS A RECOVERY ALREADY
FROM 2019, SO THE DEMAND IS
STRONG AND SUPPLY INFANT MORE
CHALLENGING EVEN TO BRING THE
PRODUCTION BECAUSE YOU NEED
ACCESS TO RENEWABLES AND MAKE
THE AGREEMENTS WITH YOUR
COMMUNITY SO IT IS SIMPLY MORE
DIFFICULT TO BRING THAT IN
SOUTHERN SUPPLY THE DEMAND
FUNDAMENTALS VERY GOOD IS WHAT
DRIVES UP ESTATE WHEN WE LOOK
OUT SIX MONTHS OR A YEAR EVEN
LONGER, WE EXPECT THE CYCLE TO
BE STRONGER AND TO LAST LONGER.
LIZ: I GOT IT AND QUICKLY, BUT I
DO WANT TO BRING UP THE FACT
THAT YOU GUYS ARE PART OF THE
DEAL WITH AUDI TO SAVE THE
WHALES RELEASE THE MATERIAL OF
ALUMINUM FOR WHEELS IN THE AUDI
AND THE ELECTRIC SPORTS CAR, HOW
COULD THIS BE FOR ALCOA IN THE
COMING YEARS.
ROY: EV IS JUST THE BEGINNING OF
THE STORY IN OUR CONSUMERS CROSS
THE BORDER LOOKING AT HOW TO D
CARBONIZED THEIR SUPPLY CHAIN
AND HOW TO MAKE SURE THEY HAVE
THE RIGHT CONNECTIONS AND
STAKEHOLDERS USE AND EVERYTHING
THAT IS HAPPENING CROSSING OVER
TO ALUMINUM SAY ELECTRIC
TRANSPORTATION AND VEHICLES,
REPORTED BECAUSE HE IS MORE
ALUMINUM AND ABSOLUTELY
NECESSARY IN ORDER BUT WHEN YOU
ALSO TAKE THAT INTO BUILDING AND
CONSTRUCTION AND WHEN YOU THINK
ABOUT HOW WERE GOING TO D
CARBONIZED AN ENTIRE VALUE CHAIN
ALCOA BECAUSE ALL OF THE WAY FOR
THE MIGHTY GOD OF THE FIRST SET
OF PRODUCT, WE ARE WORKING ON
EVERYTHING ONE OF THE SPECIES,
AND A JOINT VENTURE THAT WILL
CREATE FIRST ZERO CARBON DIRECT
DIVISION OF ALUMINUM AND THAT IS
A TYPE OF STUFF THAT WE NEED TO
MAKE A DIFFERENCE AND OFFER THEM
TO THE CONSUMERS.
LIZ: ROY IT’S GREAT TO HAVE YOU
LOOKING AT THE STOCK UP
150 PERCENT FOR THE MESS YEAR TO