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Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-567

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dbd25

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15/10/21

15:24

Post #: 56832644
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Originally posted by Red Baron: ↑

Agree, for a fortune 500 company to mention the HPA JV in their 3Q presentation is huge.

It is mentioned twice, on P5 under "key takeaways" and again on P15 under "Other recent major activities".
https://investors.alcoa.com/events-and-presentations/presentations/default.aspx

I think this shows how important this is to Alcoa, they had revenue of US$3.2b for the 3rd Q, yet consider the JV to be a key takeaway & a major activity. Think about that - they are very serious about this JV.

Unfortunately a big company like Alcoa moves in a very conservative way which doesn't seem to fit in with the market's perceived timeline expectations. This is probably compounded by the extended wait we had from MOU to Term Sheet signing. But the wheels are turning, this will happen, the other would be HPA aspirants will still be trying to organise finance as we progress our project.

I think it'll just take one major offtake to be re-rated by the market. Battery manufacturers are locking in their supply chains, even companies like PLL were years away from production when they locked in an offtake with Tesla.

Expand

It looks to me that news of the HPA project mentioned on page 5 is significant takeaway for Alcoa from the last quarter. Page 5 is the first slide with any new information on it, pages 1-4 are just standard introduction. The page 5 items are right up there at the front of this presentation. The HPA project has not been buried towards the back of the 46 pages !

Advancing sustainability across portfolio
−Announced restart of Alumar(São Luís) smelter with competitively priced 100% renewable energy solution by 2024
−Announced term sheet for high purity alumina development project
−Announced ambition for net zero by 2050 and two new ASI certifications

All IMHO, DYOR
Advancing sustainability across portfolio
−
Announced restart of
Alumar
(
São Luís
) smelter with competitively priced
100% renewable energy solution by 2024
−
Announced term sheet for high purity alumina development project
−
Announced ambition for net zero by 2050 and two new ASI certifications

FYI Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
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Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-567

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Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-567

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