Alcoa reports full year 2024 results.
Alcoa's alumina production decreased 8 percent annually primarily due to the full curtailment of the Kwinana refinery completed in June 2024.
Aluminum production increased 5 percent annually, primarily due to the restart of capacity at the Warrick smelter and continued progress on the Alumar smelter.
Alcoa expects 2025 the total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery.
In 2025, alumina shipments are expected to be between 13.1 and 13.3 million metric tons, consistent with 2024.
The difference between production and shipments reflects trading volumes and externally sourced alumina to fulfill customer contracts due to the curtailment of the Kwinana refinery.
In 2025, aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.
Alcoa expects 2025 total Aluminum segment production to range between 2.3 and 2.5 million metric tons, an increase from 2024 due to smelter restarts.