Thanks Bill.
regarding practice, have In of bauxite. since seaborne markets. expect their surplus using remainder our show country's in inland we'll imported of to is the continue XXXX. interest As in increased the now we a the inland for fourfold China's our year. these remain market The refineries to discussion to turn key provinces bauxite, imports consumption approximately
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prior to weaker smaller the projection the aluminum market, continue than Finally, our year we deficit, full a albeit to project demand. global in
country's trade disruptions While deficit, year's demand for enough not lower to expectations of This smelter volumes have trade low aluminum offset growth back and in activity manufacturing swing demand. declining rest in the world. it growth lowered tensions, global this series to of with balance the helped our and year's China was the the
primary to activity consumption This is demand translate possibly Chinese reduced full-year to used a approximately primary mostly volumes. in started we revising curtailments which metric and order of from aluminum weaker our has prior aluminum have down that manufacturing product been has driven events estimate into to such, global of series year-over-year where country, As the Chinese mainly flat scrap global in XXX,XXX and factors due aluminum production world, that in is due maybe lower XXXX. XXXX and taken disruptive production. also tons by rising, ex-China, estimates. contract while economic imports for This outlook off We're
so challenges. growth, I'd demand outlook aluminum review we're conditions our discuss even longer-term a to we're for current summary, brighter for before downturn company prepared like Still, through I positioning real future. better In economic to pose manage to this continue and how
of our hallmarks focus of is our the continuous on One relentless company improvement.
the changed on listed slide stability and this that But these improvement We've recent sheet. balance the a to contributed and operations, safety competitive have continued is the believe more not left we just selection particularly side to to Alcoa. proud forward. I'm stronger, point, as of as each improvement rather, in of have in our well see of of move ending I a our step accomplishments, an
Just a last operating new we model. announced month,
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adjusted sales, to non-core Looking million million corresponding can which $X to XX over at months, next will approximately $XXX in far we EBITDA to we net review proceeds, outweighing between in million. produce billion asset the ahead $XXX estimated a reduction estimate XX $XX
source where I'd materials a global are to world Now, to to despite a of sustainability like thing take in dynamics is Alcoa One aluminum view current is market the responsibility longer-term growing and responsibly position clear, industry. succeed. force,
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as formability in friendly Aluminum through made applications are lifecycle. properties strength, lighter, more has low to such fuel-efficient gas Those reduced that complete density, anticorrosive. due recyclability, environmentally well documented being beneficial automotive properties, and aluminum the its for have durability greenhouse ideal and to due emissions more vehicles
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the Stewardship Aluminum across on named the We've leader already bauxite, our last were We're leader on Jones alumina now. our portfolio since Indices and been Alcoa at Looking also inception. aluminum recognized And certified year, index. this industry This listed Dow sustainability. month, the assets aluminum were Sustainability a Initiative. by we in
and areas Amazon planet, the mining our world-class in Brazilian to in of Australia. and the methods and bauxite, In mine mine in rainforest high the have two of us Western the best-in-class most the forest biodiversity Jarrah areas trust protected earned rehabilitation bauxite of in credibility
approach to operate. us ensure withstanding in communities governments to access keeps with long-term reserves our and enhance and Our to license bauxite
of pursuing the in portfolio practices while producers, our energy ton refineries carbon storage developing for the per materials. bauxite emitter continue better And lead is we Among alumina for alumina, uses global In efficiency. our also lowest residue, alternative already dioxide. alumina
from sustainability of as one emitters carbon through And global made our ton of metal also approximately producers. is carbon per aluminum. low energy. help aluminum, meet renewable our customers our produced of lowest their XX% we're line or with [sustainer] targets, among with products either the dioxide In our currently, emissions such of And to recycled products
differentiation Aluminum in from certifications marketplace. Initiative our the the important Stewardship And provide
producer built years, in and more focused players differentiate reputation global as the a a aluminum, even world our on alumina Over responsible we that that becoming succeed us reputation to this meaningfully for enable is sustainability. sustainability. can sustainable evolving from solid have We believe bauxite, of and us an
actions conditions. more our the improvement, strengthen To opportunities consider today, review But curtailments, and market for further our a first, we must a divestitures. will take review company, company asset of current become significant closures we're potential given competitive The multiyear to announcing profitable portfolio. or
anticipate meaningful and aluminum can see As alumina changes making in most you from our this we portfolios. the slide,
alumina, environment. access and position. of world's mining engagement with cost in than X review, and communities more under to In In placing our bauxite is segment. mining miner our We're across the protection to tons to and extend we're of quartile tons deposits our approach million cases metric with I'm advantages X.X bauxite careful each undertaking our look largest By million XX most second bauxite we review. rights the local proud approximately years. first that with practices metric capacity capacity of review to in aluminum, goal maintain this would under about achieve of
a smelting we in We're quartile alumina outside the refiner largest also portfolio global carbon ton biggest position dioxide renewable alumina. alumina to first all powered XX% as maintain have emitter of producers. is our position strong of look our emitter the among China. In of up energy. dioxide become of long ton among lowest with cost the per the with And carbon to producers aluminum, position our We per aluminum lowest to by goal
second resulting a are producer, review to on cost and complete. the be from position will first quartile curve, a hold once currently We the actions we quartile drive capacity
the its to in the and competitiveness but expect global all in segment have Alcoa also you ton companies As the per maintained see, only we of improved dioxide not smelting portfolio aluminum transformation, lowest of each or will emitter refining. at be end can carbon both among
Since and At announced company this our we it's strategic our our that we destination. company. journey, in to strategic priorities a strengthen better to priorities time of define as steps in we've used our today launched making the to refresh to have light our that continue as decisions appropriate guide in XXXX,
our commodity reduce the as we'll focus compete cost industry. low being First, complexity, in we cyclical global on to reiterate
capabilities, margin on margins drive improve growth across remain as focus our returns, and Second, chain. targeted value focused. increasing commercial we we'll invest to intend opportunities, in We the
more And deliver work stockholders. balance the value lastly, to we've This and becoming the standards and Alcoa's stronger portfolio company, social strengthened both sheet for to to continued on sustainability leading reflect our transform a sheet, balance environmental the Alcoa’s sustainably. plan and advance improvements. sustainable increasing We focus updated priority our industry captures leverage strengthen to financial
infinitely the remains to will on been of demand aluminum look products we portfolio with next we'll a an expand are that the the but capture Alcoa believe ourselves we position future, recyclable the leader focus in market. outlook aluminum changing always require win long-term sustainability global the has to aluminum. more our producing to marketplace and responsibly range aluminum, in sustainably our produced. A As With views in strong. materials lightweight shift over sustainability few and for increased further advantage years,
that, get and us take you would instructions be remind Bill we'll could happy of please questions. I With to Allison, started? the and your
