Operating rates of aluminium smelters in major production provinces - Shandong (100%), Xinjiang (99.35%) and Inner Mongolia (95.76%) were pretty high in March. The combined installed aluminium capacity in these three provinces are 20.65 million mt, nearly half of China's total.
As of April 20, 930,000 mt of aluminium capacity was resumed in China while 212,000 mt was newly commissioned. The two combined are 1.14 million mt, which could almost counteract the 1.2 million mt of aluminium capacity that was cut earlier.
Monthly aluminium production rose in the first quarter when compared with same period last year.

![El precio de la alúmina retrocede tras un rápido ascenso con una consolidación de volumen decreciente; el índice spot deja de caer y repunta ligeramente; el patrón de oferta fuerte y demanda débil se mantiene sin cambios [Comentario matutino de SMM sobre la alúmina]](https://imgqn.smm.cn/usercenter/SBQYr20251217171651.jpg)
![El aluminio en la SHFE sigue subiendo; el diferencial de precios Guangdong-Shanghái atrae significativamente el traslado de mercancías [Revisión de mediodía del aluminio al contado de SMM]](https://imgqn.smm.cn/usercenter/VTjoW20251217171653.jpg)
