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Alumina Notes Global Events Support Prices Through 1Q 2022

21 Apr 2022  |  09:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Alcoa Corp 1st Quarter 2022 Earning Release

Alumina noted Alcoa Corp's (Alcoa) quarterly earnings release. In 1Q 2022 there were disruptions caused by the closure of the Nikolaev refinery in the Ukraine, sanctions on Australian alumina exports to Russia, reduced alumina production and shipments, Chinese environmental curtailments and COVID related logistical issues. The alumina market price reached over $530/t in March 2022 and averaged $498/t for that month. The API currently sits at $371/t, still well above the average price of $329/t in 2021.

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