Tag: mining industry news
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Alcoa to permanently close Kwinana alumina refinery, incurring $890 million Q3 charge
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…