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Bull Market Not Over Yet; Correction Seen Starting Before End of Q2 2022

KEY MESSAGES

ALUMINA

1. Alumina spot prices fell in November and are down so far December after a $... per mton rally that took place during the August-October period. Australia spot prices have ...

2. The alumina bull market is still technically on and prices could still reach as high as $... per mton as: a) spot prices are still trading below...

3. However, HARBOR expects alumina spot prices to... before the end of Q2 2022 and adjust.... on expectations of...

BAUXITE

1. More Chinese refineries continue to switch to lower-priced imported bauxite to decrease their production costs. According to HARBOR’s intel, at least...