​”No Signs Of A Turnaround”: Alumina Prices Near Record As Global Supply Chain Snarls Mount – Tyler Durden

“No Signs Of A Turnaround”: Alumina Prices Near Record As Global Supply Chain Snarls Mount A squeezed global aluminum supply chain has sent the price of the metal’s critical ingredient, alumina, to the brink of a new record high on Wednseday of $707.59 a ton, nearly eclipsing the 2018 high of $707.75. Since the mid-point of the year, supply chain snarls and production disruptions in major alumina-exporting countries have sparked shortages. Countries critical to the aluminum supply chain include Guinea, Australia and China.  Mounting supply chain woes from the West African country of Guinea, a top source of seaborne-traded bauxite that supplies over 70% of…  — Continue at ZeroHedge News : Read More