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FIRST TIME EVER: China and ROW with Growing Alumina Surpluses

KEY MESSAGES

  1. Australian alumina FOB spot prices have rallied to $... per mton amid an alumina production disruption in Australia and a $... per mton rally in LME aluminum prices.
     

  2. However, world alumina production is on track in 2023 to expand...X more than last year and at a stronger pace than demand in 2023, while China is set to...
     

  3. HARBOR expects alumina spot price to fall toward the $... per mton zone at some point in 2023 amid expectations of...