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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.