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Aluminum and Alumina
30% $9.3 billion
Alcoa segments that sell products to this market: Primary Metals, Alumina
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Alcoa is the world’s leading producer and manager of alumina, a
powdery oxide of aluminum refined from bauxite ore and used to
produce aluminum and alumina-based chemicals.
In 2007, alumina production decreased by 44 kmt compared with
2006. Impacts from the national labor strike in Guinea and Hurricane
Dean weighed on production with 8% and 14% decreases at Point
Comfort, Tex., and Jamaica, respectively, offsetting a 4% increase
at Pinjarra (Australia). Paranam (Suriname), São Luis (Brazil),
Wagerup (Australia), and Pinjarra set production records in 2007.
In 2007, slightly more than half of Alcoa’s alumina production was
sold under supply contracts to third parties worldwide, while the
remainder was used internally.
Aluminum ingot is an internationally produced, priced, and traded
commodity whose principal trading market is the London Metal
Exchange, or LME.
Worldwide aluminum capacity was 40.0-million mtpy, of which
5% was idle.
Alcoa’s worldwide capacity was 4.6-million mtpy, of which
10% was idle.
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