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Alumina Prices at $... per mton Seen Ahead

KEY MESSAGES

ALUMINA

1. As expected, alumina prices have reached HARBOR's target of $...per mton. 

2. HARBOR sees alumina prices rallying further toward $... per mton in 2021. 

3. However, for 2022, alumina price increase may be capped by growing production surplus.

BAUXITE

1. China’s imported bauxite market remains in a supply deficit position as Guinean shipments have yet to fullt recover to their pre-rainy season levels.