Alcoa to sell 10 closed aluminium sites to data centres, first sale by June
Alcoa is seeking to sell 10 of its closed or curtailed aluminium sites to data centre operators, with the first transaction slated for completion by the end of June. The divestitures aim to monetize idle assets and bolster Alcoa's balance sheet by redirecting capital toward core aluminium operations.
1. Sale Strategy
Alcoa plans to divest 10 closed or curtailed aluminium production sites to data centre operators, with the initial deal scheduled by June 30. The company is targeting operators that value the sites' existing power and cooling infrastructure to accelerate data centre deployment.
2. Financial Impact
By monetizing idle assets, Alcoa expects to inject immediate cash into its balance sheet, reduce ongoing maintenance costs, and refocus capital on active aluminium operations. Analysts suggest the divestitures could enhance free cash flow and support future shareholder returns.