Alu News

Domestic alumina prices have fallen rapidly, by nearly 20%, since mid-June to date, causing significant losses for the majority of domestic alumina refineries. By contrast, domestic aluminium prices have been stable and improved profit margins have stimulated domestic smelters to increase their operational capacities. Destocking of primary aluminium has been slow since June, resulting in a build up of stocks in July. Domestic aluminiun inventory is expected to rise further in the short-term with the onset of the low consumption season.

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