Alcoa to Present at BMO Conference as Pentagon Backs $1.9B Gallium Project
Alcoa will participate in the BMO 2026 Global Metals, Mining & Critical Minerals Conference. The Pentagon is investing $1.9 billion in domestic gallium production and selected Alcoa to produce 100 metric tons annually at its Australian refinery starting late 2026.
1. Conference Participation
Alcoa will participate in the BMO 2026 Global Metals, Mining & Critical Minerals Conference to engage with investors and outline strategic priorities for its metals and critical minerals business.
2. Pentagon Investment and Production Plan
The US Pentagon allocated $1.9 billion to bolster domestic gallium production, naming Alcoa as the sole publicly traded partner. Alcoa plans to produce 100 metric tons of gallium annually at its Australian refinery beginning in late 2026.
3. Market Risks and Pricing Dynamics
Gallium prices have surged to $1,722 per kilogram due to tight global supply. Potential Chinese supply increases, refinery delays or disappointing demand could push prices down to $700–800/kg, threatening project economics and margins.