The Fastmarkets MB alumina index fob Australia dropped below $500 per tonne on Friday October 12 following the Brazilian government's U-turn on an earlier decision, allowing the Alunorte alumina refinery to resume production at 50% capacity.
Fastmarkets MB's fob Australia daily alumina index was at $493.75 per tonne today, down from $504.50 on Thursday October 11.
Key drivers
On Saturday, Hydro announced that its Aluntore alumina refinery would not be shutting down its operations, but continue to operate at 50%...