Alcoa reports Q1 adjusted EBITDA $240M vs. $1.07B last year

The company states: "Adjusted EBITDA excluding special items was $240M, a $211M sequential increase due primarily to higher sequential prices for aluminum and alumina, lower energy costs in Europe, and the nonrecurrence of a $25 million charge to establish an asset retirement obligation at the Alumar refinery in Brazil in the fourth quarter 2022."