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Alcoa Explores Feasibility of Gallium Critical Mineral Production in Western Australia

1. Alcoa announced a Joint Development Agreement for a gallium project. 2. This project aims to enhance Alcoa's operational capabilities at its alumina refinery.

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FAQ

Why Bullish?

The JDA opens potential new revenue streams for Alcoa. Historically, partnerships have increased company valuations.

How important is it?

The article indicates strategic growth opportunities that may positively influence investor sentiment.

Why Long Term?

Successful project implementation could lead to sustained revenue growth for Alcoa.

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PERTH, Australia--(BUSINESS WIRE)--Today, Alcoa of Australia Limited (“Alcoa”), a wholly-owned subsidiary of Alcoa Corporation (NYSE: AA; ASX AAI; “the Company”), announced a Joint Development Agreement (“JDA”) with Japan Australia Gallium Associates Pty Ltd (“JAGA”), a joint venture between Sojitz Corporation (Sojitz) and Japan Organization for Metals and Energy Security (JOGMEC), to explore the feasibility of a gallium project to be co-located at one of Alcoa's operating alumina refineries in.

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