Commodities
Chinese Alumina Producers Increase Output After Surge in Prices
- Supply disruptions push up prices to highest in over two years
- Rebound in production could produce surplus in next 18 months
A worker holds processed alumina.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Chinese alumina producers are boosting output to take advantage of the highest prices in more than two years.
Prices for alumina, the main feedstock for aluminum smelters, reached $510 a ton in Western Australia on June 13, the highest since March 2022, according to SMM International. They’ve climbed more than 40% this year as alumina supplies were disrupted.