Alumina prices set to plummet back below $500/t following Alunorte U-turn – sources
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
Hydro’s announcement last week that Alunorte
would shut down 100% of its operations sparked market panic
with the alumina fob...