【SMM Analysis: Brief Analysis of New Alumina Production Capacity in China in 2024 and Beyond】As of March 2024, the completed production capacity of alumina in China reached 100 million tons, excluding capacity that has been shut down with no plans for resumption. Below are the detailed plans of SMM for new alumina production capacity in 2024 and beyond.

Overall, the landing of new production capacity, challenges for high-cost capacity, increasing dependence on imported bauxite, and the fundamental over-supply suppressing alumina prices all highlight the increasingly fierce competition in the alumina industry. SMM will continue to monitor these issues.