Alba is one of the world’s largest aluminum smelters, producing more than 1.622 million metric tons in 2024. In October 2024, Alba renewed its long-term agreement with Alcoa Corporation to secure a supply of up to 16.5 million tonnes of smelter-grade alumina over 10 years, commencing in 2026. In February 2025, Alba announced that Maaden had become its new strategic shareholder following the acquisition of SABIC’s 20.62% stake in Alba in a $966.3 million deal.