Spot Alumina Prices Drop, Aluminum Costs May Decline by Nearly 2,500 Yuan/mt in February

【Spot Alumina Prices Plunge, Aluminum Costs May Pull Back by Nearly 2,500 Yuan/mt in February】SMM January 27 News:

According to SMM data, the average tax-inclusive full cost of China's aluminum industry in January 2025 was 19,989 yuan/mt, down 5.3% MoM, up 22.7% YoY, mainly due to the sharp pullback in spot alumina prices during the period. The SMM A00 average spot price in January 2025 was approximately 19,970 yuan/mt (December 26, 2024 - January 24, 2025). The average loss in the domestic aluminum industry was about 19 yuan/mt, with the loss narrowing by 892 yuan/mt MoM. The industry overall showed a state close to break-even.