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US Funds Alcoa Gallium Plant in Australia to Cut China Reliance
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsRegulation & LegislationInfrastructure & DefenseCorporate Fundamentals
The US Department of War will provide $174M in financing to Alcoa to build a gallium plant at its Western Australia alumina refinery, aimed at reducing US reliance on China for critical minerals. The project supports supply-chain localization for gallium, a key input for strategic industries, and is likely to be a meaningful catalyst for Alcoa’s long-term asset base.
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