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Alumina Prices

Prices for alumina averaged USD 339 per metric ton in August, 2.9% higher than July’s price and up 1.1% year on year. On 31 August, alumina traded at USD 343 per metric ton, up 4.9% month on month.

Prices rose in recent weeks, chiefly on the back of weaker supply in July. In particular, lower output in Oceania and Europe more than offset higher production in China. On the demand side, recent developments have been mixed. Negative PMI readings in China, the U.S. and the Eurozone during August point to subdued industrial demand. That said, aluminium smelters in China’s Yunnan province continued to ramp up production in July and August, boding well for alumina demand.

This chart displays Alumina (US$/mt) from 2021 to 2023.

Alumina COMEX (prices in US$/mt, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Alumina COMEX - - 316 417 411 377 339 319

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Price forecasts and historical data for Alumina.

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