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NAAC is a Tokyo holding and offtake company set up in 1977 to run the Japan–Brazil Amazon Aluminium Complex Project. It owns 49 % of ALBRAS – Alumínio Brasileiro S.A. (Norsk Hydro owns 51 %), a 450,000 t/yr primary aluminium smelter in Barcarena, Pará. It also invests in and lends to the ALUNORTE alumina refinery.
Another tracked dossier names this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 992 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
NAAC's own ALBRAS page: 'NAAC has the right to take annually 220,000 tons of primary aluminium ingots produced by ALBRAS, which is equivalent to approximately 10% of Japanese total import of primary aluminium ingots'; shareholders 'Norsk Hydro ASA (51%), Nippon Amazon Aluminium Co., Ltd. (49%)'. NAAC's project page says it takes ingots per its shareholding and allocates them to its Japanese shareholders. Mitsui release 2024-08-09 (https://www.mitsui.com/jp/en/release/2024/1249702_14372.html) on its NAAC capital increase says its Albras ingot offtake rises from ~80,000 to 140,000 t/yr, i.e. the offtake is live in 2024. Origin BR = Albras smelter, Barcarena, Pará (Hydro 51%, consolidated; 448 kt primary in 2025 per Hydro Integrated Annual Report 2025). Destination JP = counted by NAAC itself as Japanese primary-ingot imports. Related party because NAAC owns 49% of Albras.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 1 of its 1 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.