Alcoa reports Q3 alumina shipments up 11%, production up 10% sequentially

The company states: “In the Alumina segment, third-party shipments of alumina increased 11 percent sequentially, primarily due to increased trading and shipments across the worldwide refining system. In Aluminum, total shipments increased 1 percent sequentially. Alumina production increased 10 percent sequentially to 2.8 million metric tons primarily due to higher production at the Alumar refinery in Brazil after the conclusion of elevated maintenance and higher output from Australian refineries that are adapting to lower grade bauxite. In Aluminum, Alcoa produced 532,000 metric tons, a sequential increase of 2 percent from the second quarter’s strong output, including multiple quarterly and year-to-date production records across the Canadian smelters.”