Fastmarkets' alumina index fob Australia moved above $400 per tonne and to its highest since mid-December 2018 following increased buying demand in the market and continued tight supply.
The daily fob Australia alumina index rose to $402.70 per tonne on Thursday March 14, up from $396.92 per tonne the previous day and 3.5% higher week on week.
Key drivers
Renewed bullish sentiment in the alumina market continues with market participants, who were covered at the beginning of the year, now competing for units. Hydro's Alunorte refinery has now...