Alcoa begins work on gallium plant in Western Australia
Get Alerts AA Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +28.0%
Join SI Premium – FREE
Investing.com -- Alcoa Corporation has broken ground on a gallium production facility at its Wagerup alumina refinery in Western Australia, the company announced Monday. The project involves collaboration with government and industry entities from Australia, Japan and the United States.
The metal is primarily extracted as a byproduct during the conversion of bauxite into alumina rather than through direct mining operations.
The construction phase is projected to generate as many as 200 jobs, while ongoing operations will require approximately 20 permanent staff members after the facility becomes operational.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Rose 2.97 Million Barrels Last Week - EIA
- Stitch Fix (SFIX) call put ratio 4.9 calls to 1 put with a focus on October 2.5 and 5 calls into quarter results
- 2G Energy receives 275 MW order from Energy Vault for U.S. data centers
Create E-mail Alert Related Categories
InvestingRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share