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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.