Alcoa to restart idled capacity at aluminum smelter in Portland, Australia
Views : 143
Update time : 2021-11-09 19:58:22
Alcoa Corp., the biggest aluminum producer in the US, said on November 8 that it will restart its capacity at its aluminum smelter in Portland, Australia, which has been idled since 2009.
This smelter has an annual production capacity of 35,000 tons, and the capacity will be increased to around 95% then. Alcoa decided to commence production in the third quarter of 2022.
It will cost around US$28 million to restart the idled capacity. The cost will be shared by all shareholders of this aluminum smelter, including Alcoa, Australia’s Alumina Ltd., and arms of CITIC Resources and Japan's Marubeni Corp.
