[July Aluminum Electrolysis Industry Shows Month-on-Month Decline; Production Capacity with Full Costs Exceeding RMB 19,000/ton Accounts for Roughly 12%] SMM News on August 7: According to SMM data, the average full cost (tax-included) of China's aluminum electrolysis industry in July 2024 was RMB 17,266/ton, marking a month-on-month decrease of 2.34% and a year-on-year increase of 11.34%. The primary reason for this was the decline in electricity prices, significantly reducing the power costs of aluminum electrolysis. With the advent of the wet season, electricity prices in Yunnan dropped significantly, and those in other provinces also generally decreased slightly, leading to a 6.1% month-on-month decline in the nationwide weighted average power cost for aluminum electrolysis. In July 2024, the average spot price of SMM A00 was approximately RMB 19,911/ton (June 26 - July 25), and the average profit of China's aluminum electrolysis industry was...
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