How will Global Alumina sell its one-third share of the alumina production?
Global Alumina already has entered into two, 20-year, take-or-pay alumina sales contracts. One is with DUBAL for 15 percent of the refinery’s output or 45 percent of Global Alumina’s ongoing one-third allocation, and one with Glencore for 420,000 metric tons-per-year or almost 40 percent of Global Alumina’s one-third allocation. Alumina pricing is confidential under each contract, but the average price is 13.25 percent of the three-month forward price of aluminum on the London Metal Exchange.