Alumina Price Reaches HARBOR’s Forecast; We See Trend Toward $… per mton

Executive Summary

ALUMINA SPOT PRICE OUTLOOK

1. Alumina spot price has basically reached HARBOR’s forecast of $… per mton. Prices were up… % in November alone and have…
    
2. Alumina prices are being pushed up by: a) growing world…
    
3. HARBOR sees alumina prices rallying further toward $… per mton in 2021. The current price…
    
4. However, prices may face downward pressure in 2022 on possibility of a growing market surplus as: a) China…