According to the Futu Securities APP, on Monday, the stock price of Alcoa (AA.US) rose, reaching a maximum intraday increase of more than 9% since February. As of the time of publication, the stock has risen more than 7%, reaching $34.875. In terms of news, Alcoa has sold 25.1% of its stake in the joint venture with Saudi Arabian Mining Company (Ma'aden) to the other party for $1.1 billion. The company will receive approximately 86 million shares of Ma'aden stock and $0.15 billion in cash. The transaction is expected to be completed in the first half of next year. The company will hold approximately 2% of Ma'aden shares, and these shares will be retained for at least 3 years. It is reported that the joint venture was established in 2009 as an integrated mining project in Saudi Arabia, with Ma'aden originally holding the remaining 74.9% equity of the joint venture.