Washington, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER

                      PURSUANT TO RULE 13a-16 or 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                    Report on Form 6-K dated October 24, 2003

                           Commission File No. 1-14110


                              (Name of Registrant)

                         7, Place du Chancelier Adenauer
                              75218 Paris Cedex 16
                    (Address of Principal Executive Offices)

     Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:

                          Form 20-F: |X| Form 40-F: |_|

     Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):

                                Yes: |_| No: |X|

     Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):

                                Yes: |_| No: |X|

     Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                Yes: |_| No: |X|

     If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- __________

     Enclosure: Press release dated October 24, 2003, announcing that Pechiney
will not surrender its bauxite lease in Australia.


                                  PECH1NEY LOGO


Paris & Sidney- October 24, 2003: Pechiney is disappointed and does not
understand the Queensland Government's demand to surrender its Aurukun bauxite
lease, especially as it comes after a long period during which Pechiney has been
waiting for the authorization by the authorities to start working on its future
alumina refinery.

This position taken by the Queensland Government appears incomprehensible for
Pechiney who will not surrender its lease which it considers as still valid.
Pechiney will continue to ask for the authorization to start the working on the
alumina refinery project. Furthermore, Pechiney considers that the demand of the
Queensland authorities can only lead to a slow down of the development of any
industrial project based on natural resources in Queensland including the
Aurukun based alumina refinery project.

Pechiney is ready to enter in discussion at any times to find a solution to what
appears to be a huge misunderstanding. Pechiney trusts the Queensland
authorities, and that after adequate clarification, they will recognize the
validity of Pechiney's lease. Pechiney is confident that its project remains the
fastest, the most reliable, and the most efficient way to a new alumina refinery
in Queensland.

PECHINEY is an international group listed on the Paris and New York stock
exchanges. Its three main sectors are primary aluminum, aluminum transformation
and packaging. PECHINEYhad total sales of 11.9 billion euros in 2002. It employs
34, 000 persons.

Certain statements in this press release that describe Pechiney's intentions,
expectations or projections may constitute forward-looking statements. These
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause Pechiney's actual results, performance or
achievement to be materially different from its intentions, expectations or
projections. The forward-looking statements in this press release speak only as
of its date and Pechiney undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.

Investor Relations Contacts:                           Press Contacts:
Charles L. Ranunkel: Tel.:33 1 56 28 25 07        Chrystele Ivins: Tel.: 33 1 56 28 24 18
                     Fax:33 1 56 28 33 38

7, place du Chancelier Adenauer                   Stephan Giraud: Tel.: 33 1 56 28 24 19
75116 Paris, France                     
Internet :


     Pursuant to the requirements of the Securities Exchange Act of 1934,
Pechiney has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date: October 24, 2003                   PECHINEY

                                         By:  /s/ OLIVIER MALLET
                                         Name: Olivier MALLET
                                         Title:  Chief Financial Officer