Alcoa to shutter West Australia alumina refinery, take $890M charge (AA:NYSE)

Core Viewpoint - Alcoa has announced the permanent closure of its Kwinana alumina refinery in Western Australia due to various factors including the facility's age, scale and operating costs, market conditions, and challenges related to bauxite grade [4] Company Summary - The Kwinana alumina refinery's closure is attributed to its age and the high operating costs associated with maintaining the facility [4] - Market conditions have also played a significant role in the decision to close the refinery, indicating a challenging environment for alumina production [4] - The challenges related to bauxite grade further contributed to the decision, highlighting potential issues in sourcing quality raw materials for alumina production [4]