AA - Aluminum Producer Alcoa's Cost-Cutting Measures - Plans To Curtail Production At One Western Australian Refinery | Benzinga
Alcoa Corporation (NYSE: AA) plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter.
The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80% of its nameplate capacity since January 2023.
Matt Reed, Alcoa's Executive Vice President and Chief Operations Officer, said the determination to curtail the 60-year-old facility is based on various factors, including its age, scale, operating costs, and current bauxite grades, in addition to current market ...