SMM Aluminum Morning Meeting Highlights: Macro Data Disappoints, Shanghai Aluminum Prices Decline Amid alumina Cost Surge

**SMM Aluminum Morning Meeting Minutes: U.S. Macro Data Falls Short of Expectations, Shanghai Aluminum Prices Fluctuate and Decline Overnight**

On the macro front, domestic policy measures continue to gain momentum, boosting the economy, and global market liquidity remains abundant. However, the potential ceasefire in the Middle East introduces new variables to macro sentiment. Fundamentally, the bauxite supply crisis has pushed alumina prices to high levels, resulting in a significant increase in costs for the aluminum smelting industry...