Alcoa's Australia unit to cut output at Portland aluminium smelter

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 15 (Reuters) - The Australian unit of U.S. aluminium producer Alcoa Corp said on Wednesday the output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358,000 metric tonnes per year, citing instability and production challenges. Australia's Alumina Ltd owns a 40% stake in Alcoa Australia, which holds a 55% stake in the Portland Aluminium joint venture. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Dhanya Ann Thoppil)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.