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Alcoa to Invest $65 Million in Norway Aluminum Smelter to Include Recycled Content in Casting Process; Shares Up 4%

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Alcoa (ASX:AAI) will invest $65 million to expand foundry production capabilities to include recycled content in the casting process at its Mosjøen aluminum smelter in Norway, according to a Tuesday statement from the company.

The investment will expand and upgrade the Mosjøen casthouse, increasing production capacity by up to 75,000 metric tons.

The project is expected to be completed in phases, with commissioning and ramp-up scheduled to progress throughout 2028, the company said.

Alcoa's shares climbed 4% in recent trading on Tuesday.

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