Alcoa Inc. (AA) announced that the company and China Power Investment Corporation or CPI announced have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. Terms of the agreement were not disclosed.
Alcoa noted that the joint venture company will serve as a manufacturer of high-end fabricated aluminum products for the aerospace, automotive, commercial transportation, consumer electronics and packaging markets in China.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.