Alumina Prices

Alumina prices averaged USD 440 per metric ton in March, down 15.5% from February. On 31 March, the commodity traded at USD 384 per metric ton, down 20.4% from 28 February.

Prices fell for the fourth successive month in March as supply woes across the globe dissipated and as Indonesia ramped up capacity in Q1; prices are now below mid-2024 when a myriad of supply disruptions led to an acute rally. Against this backdrop, in late March, China tightened its rules on building new alumina plants.