Alumina Demand on Track to Increase Considerably in 2020-2021
1. World alumina demand is set to accelerate sharply in 2020 as smelting profitability improves and restarts/expansions take place around the world.
2. World alumina demand is expected to increase another... y/y in 2021,
3. However, the global alumina market will remain well supplied in the next few years mostly amid booming alumina production.
4. HARBOR sees Australia alumina prices in a bottoming-out process, but any rally should be capped by the expected market surplus.
More details in full report.