Alumina surges to record on supply disruptions and China demand

Alumina futures in Shanghai spiked to a record as global supply disruptions and resilient Chinese demand continue to tighten the market of the main feedstock for aluminum smelters.

Alumina surged as much as 6.4% to 4 630 yuan ($655) a ton on the Shanghai Futures Exchange on Friday, its highest since the contract debuted in June 2023. The price for shipments from Western Australia climbed to $550 a ton, their best showing in data going back to 2021.