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Alcoa Sells Former Eastalco Site for $100 Million; Buyer to Use Repurposed Land for Next-Generation Data Centers

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PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation (NYSE: AA) announced today that it has completed a sale of land in the state of Maryland for $100 million in cash. The 2,100-acre property covers more than three square miles in Frederick County, Maryland and once served as the site of the former Eastalco smelter, which permanently closed in 2010. The sale transaction, completed on June 23, 2021, was between Eastalco Aluminum Company, a wholly owned subsidiary of Alcoa Corporation, and a joint vent

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