Alcoa Groundbreaking Launches $90 million Aluminum Lithium Operation
Alcoa (NYSE: AA) celebrated the launch of construction of its greenfield state-of-the-art aluminum lithium facility at a groundbreaking event attended by Lafayette employees, and community and state partners. Adjacent to its existing plant, the $90 million, 115,000 square-foot expansion will produce more than 20,000 metric tons of aluminum lithium and be capable of casting round and rectangular ingot for rolled, extruded and forged applications.
Introduced last year by Alcoa, newly patented aluminum lithium alloys will allow airframers to build dramatically lighter and lower-cost airplanes vs. composite alternatives. They also provide the best strength-to-weight performance in Alcoa's aerospace alloy portfolio combined with better stiffness and corrosion resistance. The alloys are used in extrusions, forgings, and sheet and plate applications across aircraft structures, including airplane wings and fuselage elements.
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