Alumina market still tight as Jamalco ramps up

Dec 10, 2007 | 08:17 AM | Matthew Lerner

World spot alumina markets remain tight even as commerce slows heading into the Christmas holiday season and the Jamaica Alumina Co. (Jamalco) refinery resumes shipments after disruptions in the wake of Hurricane Dean in August.

"The alumina market is strong," one trader said, pointing to the last alumina tender for 30,000 tonnes by India's National Aluminium Co. (Nalco), which settled at $376 per tonne. "People weren't expecting those kind of numbers—most expected prices closer to $350 per tonne. Now they're more bullish."....

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