PITTSBURGH, PA. - July 24, 2008 - Alcoa (NYSE:AA) announced today that its Materials Management business has named the top ten scrap processors for 2008. Criteria required for top scrap suppliers include quality, volume and performance. Maintaining these high standards, Alcoa Materials Management has been able to increase its scrap purchases by more than 10% annually for the last three years.

The 2008 Alcoa Material Management Top Ten Suppliers are:

• American Iron and Metal [Montreal, Quebec, Canada]

• David J Joseph Co. [Cincinnati, Ohio]

• Metal Conversion Ltd. [Mansfield, Ohio]

• Newco Metals Inc. [Pendleton, Indiana]

• Omnisource Corp. [Fort Wayne, Indiana]

• Service Aluminum Corp. [Ellicott City, Maryland]

• Shapiro Sales [St. Louis, Missouri]

• Smelter Service Corp. [Mount Pleasant, Tennessee]

• State Metal Industries [Camden, New Jersey]

• Weiner Iron and Metal [Pottsville, Pennsylvania]

"Our metrics are to continue to increase our annual scrap buying, without lowering or compromising our strict quality, safety and environmental standards. We work closely with our strategic scrap suppliers through our annual and formula"“based pricing scrap buying programs," said Kevin Anton, President Alcoa Materials Management.

Criteria for selecting candidates include

• Scrap Volume

• Scrap Value/Savings to Alcoa

• Quality

• Proximity to Alcoa plants

• Dealer growth and improving scrap product

• Number of Alcoa Plants Supplied

• Timely Delivery

• Dealer Safety Programs

• Environmental Compliance

• ISO 9000

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa(R) wheels, fastening systems, precision and investment castings, and building systems. The Company has 97,000 employees in 34 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com

Alcoa Inc.

Alcoa Inc.

Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com

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