Alumina Limited (AU:AWC) has released an update.
Alumina Limited reported a positive first quarter in 2024, with alumina prices rising to $362/t, offsetting lower production and higher costs, and is proceeding with a share exchange transaction where Alcoa will acquire all of Alumina’s shares. Despite operational challenges and the full curtailment of the Kwinana refinery, tight market conditions for metallurgical alumina are expected to support prices. The company is moving forward with strategic actions to improve its portfolio, including potential sale discussions for the San Ciprian refinery.
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