Elevated Alumina Prices Underpin Solid 2017 Results; Maintaining AUD 1.15 FVE
Alumina Limited reported strong 2017 results principally due to elevated alumina prices. During the year, Alumina Limited’s average realized price was USD 335 per metric ton, considerably higher than the USD 242 realized in 2016. Buoyant prices were the result of Chinese winter supply cuts, raw material inflation, and continued alumina demand growth of over 7%. Prices of caustic soda, which makes up 15% of alumina production costs, increased, serving as a slight headwind. Accordingly, Alumina Li...
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