Alcoa completed its exchange of stakes with Orkla ASA for its Elkem Norwegian smelting partnership, which includes aluminum smelters in Lista and Mosjoen as well as one of the world’s most modern anode plants in Mosjoen. In return, Orkla received Alcoa’s 45% share of the SAPA soft-alloy extrusion profile joint venture. The two smelters and anode facility provide a combined primary production output of 282,000 metric tons per year. The addition of these assets increases Alcoa’s global smelting capacity to more than 4.8 million metric tons, making it the world’s third largest primary aluminum producer.

Approximately 700 employees work at the three facilities, which will form a new organization called Alcoa Norway ANS. Mosjoen is located in northern Norway, and Lista is located on the southern tip of the country. The two companies will continue to develop and hold joint ownership in the carbothermic process technology Alcoa is developing with Orkla.