By TYLER DURDEN – Zerohedge
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. Continue reading ““No Signs Of A Turnaround”: Alumina Prices Near Record As Global Supply Chain Snarls Mount”