South32公告：莫扎尔铝业（Mozal）将于2026年3月进入停产维护状态

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

South32公告：莫扎尔铝业（Mozal）将于2026年3月进入停产维护状态

2025-12-16 16:51:09 来源：北方有色网责任编辑：王欣悦

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南非矿业巨头South32近日发布正式公告，宣布其运营的非洲第二大铝冶炼厂——莫桑比克莫扎尔铝业(Mozal)，将于2026年3月15日左右正式进入停产维护状态。此次停产的核心原因，是该厂现有电力供应协议到期后，新的电力供应协议未能达成共识，而电力成本占铝冶炼生产成本的30%-40%，直接决定铝厂的运营可行性。

一、协商背景与僵局核心：电力供应成关键瓶颈

为保障莫扎尔铝业在2026年3月现有电力协议到期后的持续运营，South32已与多方开展长期协商，协商对象包括莫桑比克共和国政府、南部非洲最大水电站——卡布拉巴萨水电站(总装机容量207.5万千瓦，电力主要输往南非及周边国家)以及南非国家电力公司(Eskom)。协商核心目标是为铝厂争取“充足且价格合理”的电力供应，以维持其国际市场竞争力。

然而，多重因素导致协商陷入僵局：一方面，南非国家电力公司自身面临设备老化、发电能力下降的危机，拟议的新电价较现行标准涨幅达140%，将使铝厂电力成本占比从35%飙升至60%，彻底吞噬利润空间;另一方面，影响卡布拉巴萨水电站供电能力的持续干旱天气，进一步加剧了区域电力供应紧张格局，莫桑比克新政府出于财政增收需求提出的税收调整要求，也使双方分歧扩大。受此影响，莫扎尔铝业2026年3月后运营所需的原材料采购工作已暂停。

二、管理层表态：聚焦安全转产与利益相关方保障

South32首席执行官格雷厄姆·克尔(Graham Kerr)就此次决策作出说明，强调电力供应对铝厂运营的决定性作用：“在所有协商中，我们始终明确，莫扎尔铝业的持续运营，完全依赖于充足的电力保障及具备国际竞争力的电价水平。”

针对协商僵局，格雷厄姆·克尔表示：“遗憾的是，各方在合理电价问题上尚未达成共识，而卡布拉巴萨水电站受持续干旱影响的供电困境，让这一局面雪上加霜。当前，我们的工作重心已转向确保2026年3月起，将冶炼厂安全、有序地转入停产维护状态。”

对于决策带来的连锁影响，管理层明确了保障方向：“我们深知这一消息对莫扎尔铝业团队的冲击，正全力为员工提供转产期间的支持。同时，我们清楚该决定将影响供应商、客户、当地社区等所有利益相关方，未来数月内，我们将在运营向停产维护过渡的全过程中保持密切沟通。”

三、运营与财务安排：生产目标与成本明确

公告明确了莫扎尔铝业的短期生产目标：截至2026年3月的2026财年，按South32所占权益计算，该厂铝产量指导目标维持24万吨不变，折算莫扎尔铝厂全口径产量约为37.7万吨。

财务成本方面，此次转入停产维护状态将产生约6000万美元的一次性费用(按100%权益基准计算)，主要涵盖员工离职补偿及合同终止相关支出;而后续持续的年度停产维护成本，预计为500万美元(同样按100%权益基准计算)。

四、供应链调整：氧化铝资源转向第三方销售

针对原供应体系的调整，South32同步披露，旗下沃斯利氧化铝精炼厂(Worsley Alumina)此前供应给莫扎尔铝业的氧化铝资源，将全部转向第三方客户销售。目前，公司已与相关客户达成协议，获得了按指数化价格销售该部分氧化铝的选择权，这一安排与South32长期以来氧化铝销售的价格机制保持一致。

据了解，莫扎尔铝厂年产能达75万吨，占非洲铝总产量的12%，其停产将导致全球铝供给减少0.8%，可能进一步加剧全球铝市场供应紧张格局。目前南部非洲发展共同体(SADC)已提出介入调解，试图推动各方达成折中方案。

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South32公告：莫扎尔铝业（Mozal）将于2026年3月进入停产维护状态

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