ALUMINA INDEX: Spot market stages small gains as outlook strengthens

Benchmark spot alumina prices made slight gains this week, supported by tight seaborne supplies, higher aluminium prices, and mounting demand for late September cargoes, market participants told Metal Bulletin.

Metal Bulletin’s fob Australia alumina index was calculated at $306.46 per tonne on Thursday August 10, up 16 cents week on week. Benchmark reference prices edged slightly higher as rallying aluminium prices on the London Metal Exchange overshadowed concerns over alumina consumption at Sohar Aluminium in Oman, after an incident affected operations at the smelter late last week. The LME’s three-month aluminium price settled at $2,030.50...

Published

Charlotte Radford

August 11, 2017

02:00 GMT

London