[SMM Analysis: New Alumina Capacity Commissioned in February, Production Cuts Reported in Some Regions in March]
SMM, February 28: According to SMM data, China's metallurgical-grade alumina production in February 2025 (28 days) decreased by 8.5% MoM, up 10.4% YoY. As of February 28, China's metallurgical-grade alumina existing capacity was approximately 105.02 million mt, with actual operating capacity up 0.3% MoM and an operating rate of 86.1%.

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