Alcoa’s Bauxite & Alumina EBITDA fell to $325m 2Q2017

Monday, Jul 24, 2017

Alumina Limited (ASX:AWC) has announced its second quarter 2017 EBITDA for Bauxite and Alumina fell to total $325 million.

Alumina says Bauxite earnings were impacted by lower production and higher maintenance costs.

The Alumina segment was however negatively impact by an 11 per cent fall in the Alumina Price Index (API), while it was partial offset by higher sales and favorable currency movements.

Alcoa has been restructuring its portfolio to focus on low cost refinery assets and increasing third party bauxite sales.

Shares in Alumina Limited (ASX:AWC) are trading 1.4 per cent lower to $1.94.

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