Alumina (ASX:AWC) has announced that no interim dividend has been declared.

Despite this, the company maintains a positive long-term outlook for the alumina market.

Alumina expects growth in aluminium metal consumption to be stimulated by de-carbonisation efforts.

However, its net loss after tax for the first half of 2023 was reported at $43 million, a significant contrast to the $168 million profit recorded previously.

The company, which is currently processing lower-grade bauxite at Huntly Mine within areas already permitted under mine management plans, discloses that alumina prices have seen a rise in the last three weeks.

Alumina is a company that specializes in the extraction and processing of bauxite and alumina.