Alumina Limited (ASX:AWC) show Alcoa's fall in API

Company News

by Rachael Jones

Alumina Limited (ASX:AWC) have reported on Alcoa Corp’s quarterly earnings release, showing a 17 per cent fall in Alumina Price Index.

This was partially off set by higher production, lower AUD exchange rate and lower maintenance costs.

Alumina Limited owns 40 per cent of each of the Alcoa World Alumina and Chemicals entities, which form a part of the Alcoa bauxite and alumina business segments.

Adjusted EBITDA total for the second quarter of 2019 was $369 million dollars for the Alcoa Alumina Segment. The third quarter the adjusted EBITDA is $223 million.

Shares in Alumina Limited (ASX:AWC) trading 0.2 per cent higher at $2.21.