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Top Stories

South32

Alcoa's $4bn Q2’26: Portland smelter restart lifts aluminium output and earnings
Primary AL
Alcoa Corporation has reported its strongest quarterly revenue to date, backed by the successful restart of capacity at its Portland aluminium smelter in Victoria, Australia, higher aluminium prices and increased shipments. The second quarter (Q2) also marked a milestone with Alcoa’s acquisition of South32's bauxite, alumina and aluminium assets, consisting of the Worsley Alumina operation in Western Australia. Commenting on the quarter, Alcoa President and Chief Executive Officer William Opl ...
South32 FY26: Brazil aluminium output rises 4%; Worsley alumina holds steady; Mozal pauses
Alumina
Australia-based mining and metals company South32 released its financial report for the June quarter 2026 (Q4) and the FY2026 annual performance, delivering a mixed operational performance across its aluminium portfolio during FY2026. Higher year-on-year production from Brazil Alumina and Brazil Aluminium (despite its weak quarter-on-quarter output) offset softer sales at several operations and the suspension of production at Mozal Aluminium. Worsley Alumina maintained stable production levels ...

Primary AL
When aluminium prices moved this year, demand was not always the driving force. Sometimes the catalyst was a Guinean bauxite export terminal. At other times, it was a power contract in South Africa, tensions in the Strait of Hormuz. Taken together, these developments reflected a broader shift in the upstream aluminium industry. Geopolitics, government policy and supply-chain resilience are increasingly shaping raw material flows, investment decisions and long-term market strategy. Strait of ...
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