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ASX-listed Alcoa to sell 25.1% stake in Ma’aden JV for $1.1B

Alcoa announced today it has agreed to sell its 25.1 per cent stake in the Ma’aden Joint Venture to Saudi Arabian Mining Company (Ma’aden) for approximately $1.1 billion. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.