PITTSBURGH, July 15 — The governments and industry partners of Australia, Japan and the United States, together with Alcoa Corporation (NYSE: AA; ASX: AAI) (“Alcoa”), announced that they have reached final investment decision for a gallium production plant to be co‑located at Alcoa’s Wagerup alumina refinery in Western Australia.
The gallium plant will be constructed and operated by Alcoa, leveraging the Company’s longstanding experience in alumina refining and advanced mineral processing. The facility will create a new, reliable source of gallium to support partner governments’ efforts to strengthen critical mineral supply chains.
“This final investment decision reflects a shared commitment by governments and industry to strengthen critical mineral supply chains among the partners,” said William F. Oplinger, President and Chief Executive Officer of Alcoa. “The project underscores the strategic importance of Western Australia and the role Alcoa’s operations play in delivering critical materials essential to the global economy.”
Gallium is a critical mineral used in advanced technologies, including semiconductors and defense applications, and global supply is currently highly concentrated. This project represents a collaborative effort to diversify supply and enhance resilience across key industries.
Construction activities are expected to commence following final site preparations. Alcoa’s participation in the joint venture, including its role as construction and operating manager, is not expected to have a material impact on the Company’s financial position or results of operations.