08:13 AM EDT, 07/14/2025 (MT Newswires) -- Alcoa ( AA ) said Monday it will resume a restart process at its San Ciprian smelter in Spain, in partnership with Ignis Equity, following a nationwide power outage in late April that disrupted operations.

The outage had impacted both the smelter and the refinery, delaying the planned restart. The companies now expect to complete the smelter restart by mid-2026.

Alcoa ( AA ) said the company received "assurances" from national and regional government representatives that they will "continue to promote measures to provide reliable and competitive energy."

Alcoa ( AA ) also revised its 2025 financial outlook for the smelter and now expects a net loss of $0.35 to $0.42 per share, compared with a prior outlook for a loss of $0.31 to $0.39 per share, due to the delay and deferral of anticipated revenue. Associated cash used by operations for the smelter are expected to range from $110 million to $130 million in 2025.