Alumina Prices

Alumina prices averaged USD 617 per metric ton in October, up 16.6% from September. On 31 October, the commodity traded at USD 705 per metric ton, up 28.2% from 30 September.

Prices hit an all-time high in October due to supply woes: Top producer Guinea recently blocked exports of bauxite—alumina’s ore—by Emirates Global Aluminium. This, coupled with prior supply disruptions—such as output cuts in Australia—has led to the depletion of Chinese alumina inventories and a marked spike in prices.