Alcoa Explores Feasibility of Gallium Critical Mineral Production in Western Australia
Gallium is a highly sought-after mineral, supporting a wide range of important industries and efforts, including the technology sector, particularly semiconductors, as well as the defense industry.
Currently, gallium production is concentrated in
Alcoa of Australia President Elsabe Muller said the JDA partners were assessing the potential for a co-located facility to expand global supply of gallium as an existing by-product of the alumina refining process in
鈥淭his opportunity could deliver additional value from our established operations and further demonstrate how Alcoa's longstanding mineral processing capabilities can be significant in supporting state, national and global objectives in technology and national defense,鈥� said Ms. Muller. 鈥淲e welcome the opportunity to work with the JAGA partners, including Sojitz, who has considerable connection with midstream gallium refiners and manufacturers and would be an offtake customer in the project.鈥�
Sojitz Metals, Resources and Recycling Divisional Chief Operating Officer Osamu Matsuura said the project had the potential to introduce supply options for Japanese semiconductor production critical to global downstream processing and manufacturing.
Subject to further commercial agreements and regulatory approvals, the JDA partners are targeting a final investment decision by the end of 2025 and to begin production in 2026. Alcoa鈥檚 participation in the JDA is not expected to have a material impact on the Company鈥檚 financial position or results of operations.
About Alcoa Corporation
Alcoa Corporation (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to build a legacy of excellence for future generations. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into AG真人官方 Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.
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Cautionary Statement on Forward-Looking Statements
This press release contains statements that relate to future events and expectations about the gallium joint development agreement and project, including but not limited to the feasibility and timing of investments and production, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as 鈥渁im,鈥� 鈥渁mbition,鈥� 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渃ould,鈥� 鈥渄evelop,鈥� 鈥渆ndeavors,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渇orecasts,鈥� 鈥済oal,鈥� 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渙utlook,鈥� 鈥減lans,鈥� 鈥減otential,鈥� 鈥減rojects,鈥� 鈥渞each,鈥� 鈥渟eeks,鈥� 鈥渟ees,鈥� 鈥渟hould,鈥� 鈥渢argets,鈥� 鈥渨ill,鈥� 鈥渨orking,鈥� 鈥渨ould,鈥� or other words of similar meaning. All statements by Alcoa that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa鈥檚 filings with the Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
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Source: Alcoa
