China’s Citic Resources sold roughly 3.8 million shares in Alcoa, worth $247 million, through on-market transactions on the New York Stock Exchange. The divestment reduces its holding in the U.S. aluminum giant to 1.58%.

The move follows a sharp rally in Alcoa’s stock, which gained around 43% in 2025. Rising metal prices and expectations of stronger global demand for commodities supported the surge. Citic cited portfolio rebalancing and cash enhancement as motives.

Alcoa has benefited from tightening aluminum supply chains and renewed industrial demand. Investors are watching how Citic reallocates proceeds, amid broader shifts in Chinese firms adjusting overseas exposure amid market volatility.