Alcoa Announces Closure of Kwinana Alumina Refinery

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The closure, which follows a full curtailment since June 2024, is driven by factors such as the refinery's age, operating costs, market conditions, and bauxite grade challenges. Alcoa will record total restructuring charges of approximately $890 million in the third quarter of 2025, with associated costs expected to reach about $600 million over the next six years. The closure will also result in significant job reductions, with approximately 220 employees affected, and Alcoa will incur severance costs of $41 million, partially recorded in the first quarter of 2024.

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About Alcoa Corporation

Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.