Alumina Surplus Delaying Price Rally
July 19, 2021
KEY MESSAGES
ALUMINA
1. World's metallurgical alumina production reaches fresh record-highs. Alumina production growth...
2. ROW’s production increased to fresh-record highs amid gains in Asia, Latin America and Australia. Production stood in...
3. High alumina production rates in ROW have kept the market in a surplus which has suppressed prices. ROW’s market balance has...
4. Alumina prices remain at unsustainably low levels. Current alumina spot prices of...
5. HARBOR sees alumina prices rallying toward $... per mton in the 2021-2022 period.