Alcoa and Aluminium Bahrain Extend Their Long-Term Aluminium Supply Contract
Alcoa and Aluminium Bahrain Extend Their Long-Term Aluminium Supply Contract

Alcoa and Aluminium Bahrain Extend Their Long-Term Aluminium Supply Contract

  • 17-Oct-2024 4:30 AM
  • Journalist: Emilia Jackson

Alcoa Corporation announced a significant extension of its alumina supply contract with Aluminium Bahrain B.S.C. (Alba) on October 15. This move has solidified Alcoa’s role as a leading global alumina supplier. The agreement is effective from 2026 and will last through 2035. It enables Alba to procure up to 16.5 million tonnes of smelter-grade alumina primarily sourced from Alcoa’s operations in Western Australia.

This contract extension marks the largest agreement between the two companies and solidifies the longstanding partnership further. Notably, the relationship between the two firms has flourished over the years.

Alcoa’s President and CEO, William F. Oplinger, emphasized the importance of this deal and said, "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 aluminium producers. 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."

He highlighted the mutual benefits of the arrangement, which is designed to ensure a reliable alumina supply for Alba over the next decade.

CEO of Alba, Ali Al Baqali too echoed these sentiments and described the contract as a “testament to shared commitment to sustainability and mutual growth”. He said, “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.”

Alba, based in Bahrain, is one of the largest aluminium smelters in the world. It has an annual production capacity exceeding 1.6 million metric tons. It deals in production of all foundry grade re-melt products, extrusion ingots, unalloyed P1020 products and liquid metal.

Alcoa is an industry leader in bauxite, alumina and aluminium sectors. It deals in production of high-quality aluminium that includes value-added castings like billet, foundry, rod and slab. They also have an extensive portfolio of patented alloys.

This extension of agreement aligns with Alcoa’s vision to provide long-term supply stability. This also strengthens the company’s position in the alumina market. The deal reflects the companies' commitment to sustainability, an increasingly critical focus in the aluminium industry.

With the global aluminium market experiencing growing demand, this partnership is expected to not only support Alba’s production needs but also contribute to the broader industry landscape.

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