Alcoa Corporation (NYSE: AA; ASX: AAI) today announced an agreement to supply up to 16.5 million tonnes of smelter grade alumina to Aluminium Bahrain B.S.C. (Alba) over 10 years.

Over the life of the agreement, which commences in 2026 and will run through 2035, volume options will allow Alba to procure as much as 16.5 million metric tons of alumina, primarily from Western Australia. This contract extension recognizes the long-term relationship between Alcoa and Alba and will make Alcoa Alba’s largest third-party supplier of alumina.

"By securing this contract extension with Alba, Alcoa further strengthens its position as the premier global alumina supplier, while continuing to provide strategic support to one of the world’s largest aluminum producers," said William F. Oplinger, Alcoa's President & CEO. "This agreement is Alcoa’s largest contract with Alba, a relationship we are pleased to continue as we deliver long-term value to our customers."

This contract extension aligns with Alcoa’s strategy to be a supplier of choice for long-term supply stability by providing Alba with a reliable source of alumina through the next decade, as well as supporting Alcoa’s flexibility to manage its alumina position.

Alba's CEO, Ali Al Baqali, emphasized the significance of this contract extension, stating: “Our long-standing partnership with Alcoa is a testament to our shared commitment to sustainability and mutual growth. This agreement not only guarantees a steady supply of alumina for our operations but also reinforces our position as a key player in the global aluminium market.”