Aluminum Industry Costs Rise 0.9% MoM in July 2026, Profits Up 56.8% YoY Despite Margin Contraction

Published: Aug 2, 2026 22:16

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According to SMM data, in July 2026, the average tax-inclusive full cost of domestic aluminum industry rebounded 0.9% MoM and fell 1.7% YoY, mainly due to slight rebounds in average monthly alumina prices, prebaked anode prices, and electricity prices during the period. In July, the aluminum profit margin narrowed by 1,146 yuan/mt to 6,999 yuan/mt, with average profit up 56.8% YoY.

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