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Alcoa’s upstream unit secures $350m in bauxite supply contracts over 2 yrs

US specialty metals producer Alcoa has secured several bauxite supply contracts valued at about $350-million over two years.
The NYSE-listed company, which expected to separate its main upstream and beneficiating downstream business units later this year, on Wednesday advised that it would supply bauxite to external customers from three of its mines located around the world.