Benchmark alumina prices climbed to a seven-month high on Friday February 28 with deals concluding above $300 per tonne.
Fastmarkets calculated the daily alumina index, fob Australia at $302.50 per tonne on Thursday, up from $299.74 per tonne the previous day and $292.47 per tonne a week ago. It was now at its highest level since July 30, 2019.
Key drivers:
Nalco tender concluded on Friday at $305 per tonne fob Visakhapatnam, India for late March loading. Majority of the market see the netback for Indian...