[SMM Aluminum News Flash: Aluminum Costs Rose MoM, but Profit Margins Further Expanded]

Published: Dec 31, 2025 16:52

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[SMM Aluminum News Flash: Aluminum Costs Rose MoM, but Profit Margins Further Expanded] According to SMM data, the average tax-inclusive full cost of China's aluminum industry in December 2025 increased by 0.7% MoM but decreased by 23.3% YoY. During the period, alumina raw material costs declined, while power costs and auxiliary material costs rose, leading to an overall cost increase. However, the cost increase was lower than the rise in aluminum prices, resulting in expanded profit margins for aluminum production. If industry calculations are based on monthly average prices, 100% of the domestic operating aluminum capacity was profitable in December.

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