Alumina Prices

Alumina prices averaged USD 336 per metric ton in July, up 9.1% from June. On 31 July, the commodity traded at USD 346 per metric ton, up 7.5% from 30 June.

In July, average alumina prices rose at the fastest pace in almost two years. Alcoa, a major Australian producer, revised its full-year alumina production outlook down, citing gas-supply disruptions due to Cyclone Narelle. Optimism surrounding U.S.-Iran peace talks offered further support in late July.