Alcoa begins building a gallium plant in Western Australia
The joint venture includes Australian, Japanese, and US partners. Construction will create up to 200 temporary jobs and twenty permanent positions at the Wagerup refinery.
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In short: Alcoa announced a $4.1 billion deal to acquire South32 assets and lowered its 2026 alumina production forecast due to refinery issues.
The joint venture includes Australian, Japanese, and US partners. Construction will create up to 200 temporary jobs and twenty permanent positions at the Wagerup refinery.
Acquired its partner's stake and focuses on the long-term viability of the complex.
Payment on August 27 to holders of record on August 11, 2026.
Second quarter 2026 revenue hit $4 billion, net income $407 million, and the company entered a definitive agreement to acquire South32's bauxite, alumina, and aluminum assets.
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