HARBOR’s Alumina & Bauxite Intelligence Report | August-September 2024
Summary
The global alumina market remained tight early in Q3, driven by declining ROW production and accelerating demand. China is consuming less alumina from Australia as it has become practically self-sufficient and a net exporter, with two-year high alumina spot prices keeping the export arbitrage of Australian units to China closed. The global alumina market is on track to swing back to surplus as we near the end of 2024. HARBOR expects the surplus to…