South32 CEO foresees higher alumina price in H2 2024
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Update time : 2024-09-05 15:42:00
Graham Kerr, CEO at Australia-based mining and metals company South32, said that the price of alumina was expected to rise in the second half of this year in view of risks in the supply, including seasonal heavy rainfall in Guinea affecting shipments.
Additionally, he said the aluminum price will also rise with the weakening US dollar.
South32 ramped up South Africa's manganese and aluminum production for the fiscal year ending June 2024, despite lower prices and higher costs associated with truck use. The company is exploring low-carbon energy solutions.
