Alcoa Corporation
Alcoa Closes Ma'aden Joint Venture Sale for $1.35 Billion
Summary
On July 1, 2025, Alcoa Corporation announced the successful closing of the sale of its 25.1% ownership interest in the Ma'aden Joint Venture to Saudi Arabian Mining Company for $1.35 billion in shares and cash. The transaction is expected to result in a gain of approximately $780 million, to be recorded in the third quarter of 2025. Alcoa will hold its Ma'aden shares for a minimum of three years, with the ability to sell a portion of the shares after certain anniversaries.
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About Alcoa Corporation
Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.
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