Chinese alumina market participants are closely watching Hydro's recent power outage to see whether the incident could cause a long-term supply alumina disruption, they told Fastmarkets on Tuesday June 23.
"Although it might impact only around 100,000 tonnes of alumina supply to the world, we are still uncertain as to whether [the Paragomias bauxite mine] will be back on time, especially when the Covid-19 outbreak is so serious in Brazil now," an alumina trader in Beijing said.The outright aluminium price on the Shanghai Futures Exchange moved up in afternoon trading on Monday, reacting to the...