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Stock impact report

Analysis-New alumina supplies in 2025 poised to rupture record price rally [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
tight supplies and potentially halt a record-breaking price rally of the material used to make aluminium. Higher alumina prices outside China have turned the top producer and consumer into a net exporter this year from a net importer and boosted prices of aluminium, which is used in the transportation, construction and packaging industries. Disruptions in supplies of bauxite from Guinea and Brazil and output suspensions in Australia contributed to a 70% surge in alumina prices this year to a record 5,645 yuan ($779.77) per metric ton on the Shanghai Futures Exchange. Aluminium prices are up around 7% this year. "There doesn't seem to be an end to this tightness of alumina, not immediately," said Eivind Kallevik, CEO at Norwegian aluminium producer Hydro. "New alumina refineries expected to start up in Indonesia and India will add more tons to the market." Global alumina supplies last year totalled 140 million metric tons, according to the U.S. Geological Survey, unchanged fr Show less Read more
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