The premium on alumina cargoes in Brazil compared to Australian units is at its highest in more than two years on Thursday March 11 due to continued lack of balance in supply between the Pacific and the Atlantic, sources said.
Fastmarkets' alumina index adjustment to fob Australia index, Brazil was at a premium of $7.83 per tonne on Thursday, widening from $0.90 per tonne on February 23.There remains a shortage of units in the Atlantic region meaning deals can now command a...