Bauxite News - Market

Alcoa 2020 Results: Both bauxite & alumina production up by over 1% overcoming the COVID-19 challenges

  | AlCircle   |

On Wednesday, January 20, Alcoa Corporation, the world’s eighth-largest aluminium producer, reported the fourth quarter and full-year results of 2020 that reflect strong operational performance. In Q4 2020, the company produced 12.2 million dry metric tonnes of bauxite compared to 12 million dry metric tonnes in Q3 2020 and 12.1 million dry metric tonnes a year ago. In the entire 2020, Alcoa’s bauxite output stood at 48 million dry metric tonnes, up by 1.27 per cent from 47.4 million dry metric tonnes in 2019.

Alcoa 2020 Results: Bauxite & alumina production up by over 1% overcoming the COVID-19 challenges

Third-party bauxite shipments in the fourth quarter of the year grew 18.75 per cent quarter-on-quarter and 26.67 per cent year-on-year to 1.9 million dry metric tonnes, bringing the total shipments to 6.5 million dry metric tonnes in 2020 compared to 6.2 million dry metric tonnes shipments in 2019.

Alumina production in Q4 2020 stood at 3,371 thousand tonnes, down 1.58 per cent quarter-on-quarter from 3,425 thousand tonnes and flat in comparison with 3,373 thousand tonnes on year. However, total alumina production in 2020 increased 1.3 per cent from 13,302 thousand tonnes in 2019 to 13,475 thousand tonnes.

Third-party alumina shipments stood at 2,312 thousand tonnes in Q4 2020, down 9.30 per cent Q-o-Q from 2,549 thousand tonnes and 6.17 per cent Y-o-Y from 2,464 thousand tonnes. Total shipments in 2020 came in at 9,641 thousand tonnes, recording a hike of 1.77 per cent from 9,473 thousand tonnes in 2019.

Alcoa 2020 Results: Bauxite & alumina production up by over 1% overcoming the COVID-19 challenges

Alcoa also reported a quarter-on-quarter growth of 73.21 per cent in third-party sales in bauxite from US$ 56 million in Q3 2020 to US$ 79 million in Q4 2020. In the entire year, total third-party sales in bauxite valued at US$272 million, 8.41 per cent less than US$ 297 million in 2019. Adjusted EBITDA in bauxite stood at US$ 120 million in Q4 2020 and US$ 495 million in 2020.

Third-party sales in alumina, however, decreased Q-o-Q from US$ 697 million in Q3 2020 to US$ 620 million in Q4 2020. Total third-party alumina sales value in 2020 increased from US$ 3,250 million a year ago to US$ 2,627 million. Adjusted EBITDA in alumina came in at US$ 97 million in Q4 2020 and US$ 497 million in 2020.

Global Aluminium Industry Outlook 2021

“In a very challenging year, we set multiple production records, exceeded our goals for cash management, and made significant progress on our multi-year strategy,” said Alcoa President and CEO Roy Harvey. “We had a very solid fourth quarter, and the work we accomplished in 2020 positions us well to capture the benefits of an improved market.

“The performance of employees across Alcoa, even throughout these unprecedented times, shows that our strategies are bringing positive results across the business,” added Harvey.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Related Business Leads
Selling offer Bauxite
Al203: 55-60% SiO2: 1-5% CaO: 0.3-1% Fe203: 18-22%  Moisture: 1-4% We are producing bauxite from our own quarries in Mugla,Turkey. We are supplying b...
Posted On : 09/Aug/2022

We are Mining Group /Cooperative selling of BAUXITE & GOLD in West Africa, looking for a buyer for a longterm contract of selling our product, please ...
Posted On : 01/Nov/2021

Selling offer BAUXITE
Al2O3 : 54-58 %  / SiO2  : 6-8 %  for lumpy Al2O3 : 50-54 %  / SiO2  : 6-9%  for fine grade Al2O3 : 46-54 %  / SiO2  : 08-18 %  for cement category ...
Posted On : 28/Oct/2021

Buying request Bauxite Ore
Need Bauxite Ore in bulk shipment. 50,000 MT (10+/-). Your price is USD 16.00/MT FOB Iskender port, Turkey. Evevry 2 months once and 6 shipments per ...
Posted On : 23/Aug/2021

We are miners and exporters of monohydrate bauxite ore from our mines in souther part of Turkey. We stock 50.000 Tonnes Lumpy Bauxite Ore ready for sh...
Posted On : 18/Jun/2021
Alternate Text
EPIQ Machinery
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Alternate Text
RIA Cast House Engineering
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Alternate Text
Altek
Leading manufacturer of value-added equipment for the aluminum casthouse
Alternate Text
Jagannath Company
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals
Alternate Text
CETAG
A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.
Alternate Text
LB ALUMINIUM BERHAD
Leading Aluminium Extruder in South East Asia, offering world class solutions from die fabrication, extrusion to value-added finishing.