Alcoa Corp announced the permanent closure of its Kwinana alumina refinery in Western Australia, resulting in charges of $890 million in Q3. The decision was driven by the facility’s lack of long-term viability, ageing infrastructure, and high operating costs. The closure reduces Alcoa’s global refining capacity to 11.7 mnt amid challenging market conditions and rising costs in Australia’s metals sector.
Alcoa to permanently close Kwinana alumina refinery, incurring $890 million Q3 charge
$890 million charge ageing infrastructure Alcoa Alcoa Australia Alcoa Kwinana Alcoa Q3 charge Alcoa refinery closure alumina industry alumina production alumina refinery shutdown aluminum supply chain Australian mining sector global alumina market high operating costs industrial closures Australia Kwinana alumina refinery metals sector Australia mining industry news refining capacity Western Australia
Leave a Reply