Alcoa announces plans to cease production at its Kwinana Alumina Refinery
Views : 55
Update time : 2024-01-10 17:16:52
Alcoa Corporation has announced its intention to cease production at the Kwinana Alumina Refinery in Western Australia in 2024, with the gradual shutdown commencing in the second quarter. The refinery, boasting an annual nameplate production capacity of 2.2 million tonnes, has been operating at around 80 per cent of its capacity since January 2023.
Alcoa's Executive Vice President and Chief Operations Officer Matt Reed cited several factors influencing the decision to curtail the 60-year-old facility. These factors encompass the refinery's age, size, operational expenses, the current quality of bauxite, and prevailing market conditions.
EMR’s low-carbon aluminium project secures £3.4M funding from APC
China’s tax policy reforms propel mining gains; USD strength could pose risks
