INTL AL CONF: ‘Calmer waters’ for alumina market due to supply, demand dynamics – Noranda COO

Global alumina prices are expected to remain rangebound over the next quarter unless there are significant changes to the supply and demand picture, Noranda chief operating officer Thomas Robb said.

Speaking at Fastmarkets’ International Aluminium Conference on Monday September 21, Robb said: “It feels like the market is somewhat rangebound because of the supply and demand dynamics we’re seeing out there.”
“Until one of those legs moves significantly different than the other one you’ve got calmer waters.”
Fastmarkets’ benchmark alumina index, fob Australia stood at $272.71 per tonne on September 21 and has been between $269 and $280 per tonne throughout the whole of September.

There was some market expectation that a supply disruption at Hydro’s Alunorte refinery in Brazil in August would push prices higher again –...

Published

Alice Mason

Hui Li

September 21, 2020

16:22 GMT

London, Shanghai