Alumina Price OutlookAlumina prices continued to retreat in recent weeks as global supply rose. Prices averaged USD 366 per metric ton in May, which was down 9.2% from April's price and was 32.9% higher than in the same month last year. Meanwhile, on 31 May, alumina traded at USD 363 per metric ton, which was 7.1% lower than on the same day of the previous month. Prices plunged for the second month running in May. Alumina that would have been exported from Australia to Russia prior to the 20 March ban was diverted into the overseas market in recent weeks, weighing on global prices. Meanwhile, Russia’s imports of Chinese alumina have jumped since the beginning of the war, as it has sought to replace its key producers Australia and Ukraine, which likely weighed on prices further. Cooling global GDP growth added further downside pressure.
Alumina Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Alumina Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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