Alcoa and IGNIS EQT form joint venture for San Ciprián smelter

Alcoa Corporation and IGNIS Equity Holdings formed a joint venture to support the San Ciprián complex in Spain. Alcoa owns 75% and IGNIS EQT 25%, with contributions of $81 million and $27 million respectively. The joint venture enables the planned restart of the smelter in 2025.

“Under the joint venture agreement, effective March 31, 2025, Alcoa will own a 75 percent interest and continue as the managing operator and IGNIS EQT will own a 25 percent interest.”businesswire.com

• 1 source
• businesswire.comAlcoa and IGNIS EQT Form Joint Venture to Support Future of Alcoa San Ciprián OperationsAlcoa Investor ContactApr 1, 2025

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