Alcoa permanently closes Kwinana alumina refinery; records ~$890M charges

Alcoa Corp

Total restructuring charges of ~$890M ($623M after-tax, $2.41/share) in Q3 2025.
Charges include $425M for asset retirement/environmental remediation and $265M of asset impairments.
Total cash outlays expected ~$600M over six years; ~$75M in Q4 2025 (restructuring $45M, retirement $30M).
Refinery has 2.2M metric ton nameplate capacity; fully curtailed since June 2024; ~220 employees affected.
Demolition and remediation to begin in 2026, continuing over next six years.

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