Impala Asset Management LLC disclosed a new $7.04 million investment in Alcoa Corp. on August 28, 2026. The firm acquired 135,000 shares, making Alcoa its eighth-largest holding. Cibc World Market Inc. also initiated a position by purchasing 35,459 shares valued at approximately $1.85 million.
This institutional interest follows Alcoa’s strategic expansion into the critical minerals sector. The company recently broke ground on a new gallium production facility at its Wagerup alumina refinery in Western Australia. This move diversifies Alcoa’s operations beyond its core aluminum business and strengthens its role in high-tech mineral supply chains.