SMM Report: Alumina Prices Stabilize, Bauxite Surplus Unlikely, Profit Margins Shifting

SMM December 13th report:

Entering December, alumina prices have gradually stabilized. In the short term, a significant surplus in bauxite is unlikely, and substantial profits from alumina may continue to stimulate bauxite price increases, thus potentially raising alumina costs further. Under these circumstances, the profit margin for alumina may narrow, while the profit margin at the ore end may further expand.