Alumina prices set to plummet back below $500/t following Alunorte U-turn – sources

By IM Staff
Published: Wednesday, 10 October 2018

Market participants expect alumina prices to plunge below the psychological $500 per tonne level after the planned shutdown at the Alunorte refinery in Brazil was called off.

By Alice Mason

The reversal of the decision to shut down Hydro’s Alunorte refinery means alumina prices will quickly break below the $500 per tonne level, traders said. 

Hydro’s announcement last week that Alunorte would shut down 100% of its operations sparked market panic with the alumina fob...

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