South32 Anticipates Higher Alumina Prices in H2 2024 Amid Supply Risks
August 30, 2024
Australia's South32 is expecting elevated alumina prices in the second half of the year due to supply-side risks, including heavy seasonal rains in Guinea that are affecting shipments, CEO Graham Kerr announced on Thursday.
In addition to the alumina market outlook, Kerr noted that South32 anticipates a recovery in aluminium prices, driven by a weakening U.S. dollar and renewed buying interest in China and Europe, spurred by the currently low prices. Kerr shared these insights during an analyst call.
