SMM January 17 News:
In 2024, the domestic alumina market experienced frequent disruptions. The supply gap of bauxite constrained the growth of domestic alumina capacity, overseas alumina production cuts occurred, and the resumption of domestic aluminum production in Yunnan was ahead of schedule. During the dry season, no power rationing or production cuts were observed. Under the resonance of multiple bullish factors, the SMM alumina index price surged all the way from 3,154 yuan/mt at the beginning of the year to 5,698 yuan/mt by year-end, marking a significant increase of 80.66%.
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