Alcoa Opens World’s Largest Aluminum-Lithium Plant in Indiana

Zacks.com reported that Alcoa Inc. (NYSE:AA) announced the opening of the world’s largest aluminum-lithium plant, located in Lafayette, Indiana. The facility will produce lightweight alloy materials for the aerospace industry.

As quoted in the publication:

Alcoa’s new $90-million, advanced manufacturing facility will produce more than 44 million pounds of aluminum-lithium for the production of airplanes. The aircraft manufacturers are switching to lighter and stronger aluminum-lithium alloys as they are less expensive than the conventional titanium and composites, and enable better fuel efficiency, which is the largest single expense for many airlines, at lower maintenance costs. The plant will also provide the world’s largest aluminum-lithium ingots for airplanes which is about 50% larger than its competitors.

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