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Alumina FOB prices from Australia rose to $302.14 per tonne, up from $300.48 the previous Friday and the highest since February 25. Prices have climbed since mid-April on strong aluminium demand and disruption in China, with the Jamalco fire cited as a factor.
Higher alumina costs reflect tight aluminium-chain supply, but the story has no direct link to feed commodity supply or prices. The impact on animal-feed markets is minimal.
reuters.comAug 24, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
