SURPLUS TUMBLES PRICES. World alumina market shifts to growing surplus, alumina plummets

Summary. As anticipated, a world alumina market surplus is emerging amid increased alumina production in Asia/Australia and subdued demand. Indeed, there are… of new alumina capacity ramping up in China, Indonesia, and India. As a result, the ongoing alumina price plunge has reached $…per mton (fob Australia) and is set to reach the $… per mton zone, as HARBOR anticipated.