SMM February 5 News:
SMM Brief Comment: Spot alumina prices have dropped significantly, bauxite prices are under pressure, imported bauxite prices have pulled back slightly, and domestic northern ore prices have been slightly adjusted downward. In the short term, spot alumina prices may continue to decline. Currently, northern alumina prices are approaching the theoretical marginal cost of alumina production. If the price decline persists, northern regions are expected to be the first to experience alumina capacity losses. Bauxite prices remain under pressure, but no significant surplus has been observed in the bauxite spot market. Holders still show some sentiment to stand firm on quotes, and further developments require close attention from holders.
