[SMM Weekly Review: Weekly Alumina Operating Rate Rebounded Slightly, Spot Transaction Price Center Continued to Drop Back Slightly] Recently, the weekly operating rate of alumina rebounded slightly, and alumina supply increased slightly. With the technological transformation and production cuts in aluminum smelters in Guangxi, Sichuan, and other regions, alumina demand decreased slightly, and the previously tight alumina supply situation improved. By the end of December, aluminum smelters' alumina raw material inventory rebounded slightly, while downstream restocking and purchasing enthusiasm weakened. The acceptance of high-priced spot alumina decreased, and as reports of some low-price transactions emerged, suppliers showed an increased willingness to sell. In the short term, spot alumina prices are likely to maintain a slight downward trend.
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