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alcoa (New York Stock Exchange: AA) raised force majeure for the alumina business in Western Australia, S&P Global Platts mentioned Wednesday.
Alcoa (AA) in January notified its alumina customers of force majeure due to the impact of reduced natural gas supplies For its operations in Western Australia which has cut 30% of the production at its Quinana alumina refinery.
About 20% or 438,000 metric tons/year of alumina refining capacity at the Quinana plant remains trimmed as of March 31, as one of the five properties remained offline.
The Alcoa (AA) Kwinana facility has a nominal capacity of approximately 2.2 million metric tons/year, of which 85% is refractory grade alumina and non-metallic balanced alumina.
Alcoa (AA) traded near year-to-date lows this week as aluminum and alumina prices continued to fall.
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