Alcoa Corporation provided production guidance for 2021. In 2021, the company projects total bauxite shipments to range between 49.0 million and 50.0 million dry metric tons, an improvement from 2020. Total alumina shipments are expected to be between 13.9 million and 14.0 million metric tons and stable in comparison to 2020. Outside of the market improvements expected, in the first quarter of 2021, Alcoa anticipates lower quarterly performance results in the Bauxite segment due primarily to lower internal bauxite pricing and lower earnings from minority owned mines. In the Alumina segment, the Company expects the offsetting benefit from lower bauxite internal prices, partially offset by higher energy costs and seasonal maintenance costs. In the Aluminum segment, lower quarterly performance is expected due to higher sequential alumina costs as well as other unfavorable items.