2021 - General Discussion, page-5789

I had in mind to say just as much - that is, for Alcoa to have an option to buy out FYI at a generous price (a win for FYI), and then absorb the JV into Alcoa's alumina-based offering, which is becoming more nuanced from a marketing perspective. The historic commodity business will remaining the core. Lines like HPA and synthetic zeolite are bespoke business that supply key customers with product made to specification. The alternative to doing the bespoke processing, is for Alcoa to supply feedstock on a near-commodity basis to specialists like Sumitomo.

Like Juvenal's habit of ending every speech he made in the Roman Senate with an aside that opined that Carthage should be destroyed, I return to my unanswered question, "What is the future of Cadoux?" Or put differently, does it have any meaningful value within the JV?