Alcoa Corporation (NYSE: AA) began construction of a gallium production plant in Western Australia today. The facility is co-located at the company’s Wagerup alumina refinery and represents a joint effort with the governments of Australia, Japan, and the United States to diversify global supply chains for the critical mineral.

The groundbreaking ceremony was attended by key government officials and industry partners from all three nations, underscoring the collaborative nature of the project. Alcoa will construct and operate the plant.

Project Details

The initiative aims to provide a reliable source of gallium, addressing supply chain dependencies and strengthening critical mineral networks. Alcoa Australia President Elsabe Muller highlighted the collaboration during the event.

"Alcoa is proud to work alongside our partners in Australia, Japan and the United States to help diversify the global gallium market," Muller said. "We are grateful to have Australian federal Ministers King and Ayres and Western Australian Minister Michael, along with honored guests, be part of today’s event as we showcase Western Australia’s role in delivering essential materials to the world."

Key stakeholders present at the ceremony included:

• Tim Ayres, Australian Minister for Industry and Innovation
• Madeleine King, Australian Minister for Resources
• David Michael, Western Australian Minister for State Development
• Colleen Altstock, United States Consul General in Perth
• Kazumi Nishikawa, Director General at Japan’s Ministry of Economy, Trade and Industry
• Katsunori Okada, Executive Officer at Sojitz Corporation

Employment Impact

The project is expected to generate local employment opportunities. The construction phase will create up to 200 jobs. Once operational, the plant will create approximately 20 permanent positions.

Strategic Context

The groundbreaking marks a significant milestone for the joint venture. It assists in advancing a new, reliable source of gallium and recognizes the role of Alcoa’s Western Australia operations in delivering critical materials essential to the global economy.

Alcoa Corporation has declared a quarterly cash dividend of $0.10 per share of its common stock, signaling continued commitment to shareholder returns. The Board of Directors approved the payout, which will be distributed to stockholders of record as of the close of business on August 11, 2026. This declaration ensures eligible investors receive their pro-rata share of the company’s profits, reinforcing the firm’s financial discipline amidst global alumina and aluminum market dynamics.

The dividend payment date is set for August 27, 2026. Investors must hold shares by the record date to qualify for the distribution. Alcoa, listed on the New York Stock Exchange (NYSE: AA) and the Australian Securities Exchange (ASX: AAI), continues to operate as a global industry leader in alumina and aluminum products.

Dividend Details

The company emphasized its values-based approach, encompassing integrity, operating excellence, care for people, and courageous leadership. Alcoa’s purpose remains to turn raw potential into real progress, leveraging breakthrough innovations developed since the process that made aluminum affordable was first established.

Operational Context

Alcoa’s strategy focuses on greater efficiency, safety, sustainability, and stronger communities wherever it operates. The firm intends to make future announcements regarding company developments and financial performance through its website, press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts.

Investors should note that information contained on or accessible through the corporate website is not incorporated into this press release. For further details, investors may contact Jason Duty at 724-316-4366 or via email at Jason.M.Duty@alcoa.com . Media inquiries can be directed to Sarah Ayer at 412-965-7622 or Sarah.Ayer@alcoa.com .