Alumina prices averaged USD 529 per metric ton in September, up 6.3% from August. On 30 September, the commodity traded at USD 550 per metric ton, up 7.1% from 30 August.
Prices extended their gains in September, as Chinese aluminium output remained around record-high levels in August, boding well for alumina demand. The deployment of stimulus policies in the country was an additional tailwind. Meanwhile, supply remained tight due to past output cuts in several Australian alumina refineries.
This chart displays Alumina (US$/mt) from 2022 to 2024.
Alumina COMEX (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Alumina COMEX | 357 | 349 | 336 | 334 | 366 | 427 | 504 | - |