AI Prospecting for Alcoa

Alcoa Corporation announced it has joined the World Economic Forum's First Suppliers Hub, a global repository connecting leading companies with low-carbon aluminum technologies. Additionally, Alcoa completed the payment of $385 million related to the acquisition of Alumina Limited[4][5].

Alcoa completed the acquisition of Alumina Limited on or about August 1, 2024, enhancing its position as a leading upstream aluminum company. The acquisition increases Alcoa's economic exposure and alumina market presence, with approximately 6 million metric tonnes per annum available for third-party sales[1][2]. Alcoa also announced the sale of a 25.1% stake in Ma'aden joint ventures for approximately $1.1 billion, expected to close in the first half of 2025, which will avoid future capital calls and enhance financial flexibility[1]. Additionally, Alcoa extended and enhanced its existing alumina supply contract with ALBA, further strengthening its position as a premier global alumina supplier[1].

Alcoa Corporation announced the sale of a 25.1% stake in Ma'aden joint ventures for approximately $1.1 billion, expected to close in the first half of 2025, to avoid future capital calls and enhance financial flexibility. Additionally, Alcoa extended and enhanced its existing alumina supply contract with ALBA[1].