Metal Bulletin’s fob Australia alumina
index was calculated at $307.75 per tonne on Thursday July
13, a fall of $1.95 week-on week. Chinese resellers have
alumina to offer because seaborne prices are no longer
appealing against prices in the domestic market, while local
supplies are comfortable, especially if smelter output is cut.
Rumours in China of the closure of 1 million tonnes of illegal
aluminium capacity have put pressure on local alumina
prices and created concern over...