27 APRIL 2016www.gladstoneobserver.com.a
Yarwun, QAL's relief as alumina prices rise
Edited by : AL CIRCLE
1 min read
Aluminium prices have risen slightly and demand is expected to stay strong. With Queensland Alumina Limited, Rio Tinto Yarwun and Boyne Smelters Limited relying on the price of aluminium to ensure their profitability, it is good news.
The London Medal Exchange had the aluminium cash settlement price up 6.08 per cent at the close of business on Monday to US$1641 a tonne.
The alumina price also increased marginally by 0.75 per cent to $255 a tonne.
That is an increase of 28 per cent since December 31, which would be good news for Queensland Alumina Limited and Rio Tinto Yarwun.
It still has a way to climb, with the alumina index for Australia at $324.14, 27 per cent higher than what it was on July 1 last year, which is about where it sat two years ago.
The London Medal Exchange had the aluminium cash settlement price up 6.08 per cent at the close of business on Monday to US$1641 a tonne.
The alumina price also increased marginally by 0.75 per cent to $255 a tonne.
That is an increase of 28 per cent since December 31, which would be good news for Queensland Alumina Limited and Rio Tinto Yarwun.
It still has a way to climb, with the alumina index for Australia at $324.14, 27 per cent higher than what it was on July 1 last year, which is about where it sat two years ago.
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