Kwinana Refinery Closures to Tighten Alumina Market While Limited Impact Seen from Guinea Explosion
• Kwinana refinery in Australia announces full curtailment beginning Q2 2024, removing 3-4 cargoes per month from market • Spot alumina prices rebound in late December 2023 in tandem with higher Chinese domestic prices • Atlantic basin mostly insulated from potential bauxite supply disruptions after Guinea explosion • Additional smelter restarts and expansions in Atlantic limited; most upcoming activities already announced • Chinese domestic prices elevated on tighter bauxite supply outlook after Guinea explosion