Alcoa Corporation has reported that total third-party revenue increased 2% to USD 12.5 billion, driven primarily by higher aluminum and alumina prices, and higher premiums for value add products, partially offset by decreased shipments in the Alumina and Aluminum segments. Annually, the average realized third-party price of alumina increased 18 percent and the average realized third-party price of primary aluminum increased 20%.In Alumina, third-party shipments decreased 5% YoY as the Australian refineries produced lower volumes for sale due to reduced bauxite grade and extended and unplanned maintenance.In Aluminum, total shipment volume decreased 15% annually due to lower trading volumes, the San Ciprián smelter curtailment completed in 2022, and the absence of first quarter 2021 shipments due to the divestiture of the Warrick rolling mill in April 2021. Most of the volume reduction was commodity grade aluminum on lower trading volume; shipments of value add products decreased 1 percent sequentially.Alumina segment production decreased 5% annually primarily due to lower production at the Australian refineries and the partial curtailment of the San Ciprián refinery. Aluminum production decreased 8 percent annually, primarily due to the curtailment of the San Ciprián smelter that more than offset the increase from the Alumar and Portland restarts.
Alcoa Corporation has reported that total third-party revenue increased 2% to USD 12.5 billion, driven primarily by higher aluminum and alumina prices, and higher premiums for value add products, partially offset by decreased shipments in the Alumina and Aluminum segments. Annually, the average realized third-party price of alumina increased 18 percent and the average realized third-party price of primary aluminum increased 20%.In Alumina, third-party shipments decreased 5% YoY as the Australian refineries produced lower volumes for sale due to reduced bauxite grade and extended and unplanned maintenance.In Aluminum, total shipment volume decreased 15% annually due to lower trading volumes, the San Ciprián smelter curtailment completed in 2022, and the absence of first quarter 2021 shipments due to the divestiture of the Warrick rolling mill in April 2021. Most of the volume reduction was commodity grade aluminum on lower trading volume; shipments of value add products decreased 1 percent sequentially.Alumina segment production decreased 5% annually primarily due to lower production at the Australian refineries and the partial curtailment of the San Ciprián refinery. Aluminum production decreased 8 percent annually, primarily due to the curtailment of the San Ciprián smelter that more than offset the increase from the Alumar and Portland restarts.
