Alcoa Announces Long-Term Agreement To Supply Up To 16.5M Tonnes Of Smelter Grade Alumina To Aluminium Bahrain B.S.C. (Alba) Over 10 Years
Portfolio Pulse from Benzinga Newsdesk
Alcoa Corporation has announced a long-term agreement to supply up to 16.5 million tonnes of smelter grade alumina to Aluminium Bahrain B.S.C. (Alba) over a 10-year period starting in 2026. This agreement strengthens Alcoa's position as Alba's largest third-party supplier of alumina.
October 15, 2024 | 12:13 pm
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Alcoa Corporation has secured a significant long-term contract to supply up to 16.5 million tonnes of alumina to Aluminium Bahrain over 10 years, starting in 2026. This deal enhances Alcoa's position as a key supplier and could positively impact its future revenues.
The long-term supply agreement with Aluminium Bahrain is a significant deal for Alcoa, ensuring a steady demand for its alumina over a decade. This positions Alcoa as a major supplier, likely boosting its revenue and market position. The high volume and long duration of the contract suggest a positive impact on Alcoa's financials.
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