Alumina Prices are Undervalued and Set to Rally

 

ALUMINA

1. Australia alumina spot prices have fallen to $… per mton FOB in April, down… % m/m given weaker Chinese demand for off-shore alumina amid recovery in domestic alumina production.

2. However, HARBOR sees alumina prices rallying in 2021 toward $… per mton as: a) alumina prices trade at their …

3. Indeed, highly attractive smelting profitability is incentivizing the expansion and restart of primary aluminum production worldwide.

 

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