Alcoa to Close Australian Smelter, Rolling Mills
Alcoa will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August and the rolling mills by the end of the year. The Point Henry smelter was placed under strategic review in February 2012. The review determined that the 50-year-old smelter has no prospect of becoming financially viable. The two rolling mills serve the domestic and Asian can sheet markets, which have been impacted by excess capacity. The Portland Aluminum smelter in Victoria and Alcoa of Australia’s bauxite mining and alumina refining operations in Western Australia will continue normal operations.