Alumina Prices Halt Gains, Hinting at Slight Decline in Aluminum Costs in January 2025

[Alumina Prices Halted Gains and Pulled Back; Aluminum Costs May Slightly Decline in January 2025] SMM, December 31:

According to SMM data, the average tax-inclusive full cost of China's aluminum industry in December 2024 was 21,114 yuan/mt, up 3.9% MoM and up 32.0% YoY, mainly due to the renewed increases in the prices of raw material alumina, electricity, and auxiliary materials. The SMM A00 average spot price in December 2024 was approximately 20,211 yuan/mt (November 26–December 25), with the domestic aluminum industry recording an average loss of about 911 yuan/mt, shifting from average profitability to losses.