Alcoa plans to restart Alumar alumina refinery in Brazil
Views : 223
Update time : 2021-09-22 16:44:45
Alcoa announced on September 20 that it planned to restart 268,000 tons per year of aluminum capacity at its 60%-owned Alumar alumina refinery in northeastern Brazil, whose production was stopped in 2015.
According to Alcoa, the restart will begin immediately. It was expected that the first molten metal will be produced in the second quarter of 2022, and the full production will be reached in the fourth quarter of 2022. Besides, the Alumar alumina smelter will also be powered by renewable energy by 2024.
The cost for this restart process was estimated at US$75 million, including capital expenditures of roughly US$10 million.
In addition, the restart costs incurred in the fourth quarter of 2021 were expected to be US$15-20 million before tax (US$10-13 million after tax).
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag
