PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation (NYSE: AA) intends to enter the growing high-purity alumina market to address increasing demand for sustainable products through a joint development project. Alcoa of Australia Limited (AoA), a subsidiary of Alcoa Corporation, has executed a binding term sheet with Western Australia-based FYI Resources Ltd (ASX: FYI) for development activities to produce high-purity alumina, or HPA. AoA will hold a 65 percent ownership interest in the project, whic