Alumina Prices Will Face Mounting Downward Pressure as Demand Growth Fails to Keep Up with Supply Increment

SHANGHAI, Apr 3 (SMM) –While aluminium smelters in Sichuan and Guizhou have gradually resumed production, there have not yet been plans to resume the 780,000 mt of aluminium capacity in Yunnan that was idled in February to tackle worsening power shortages. As demand growth is unable to keep up with supply increment, supply glut in the alumina market will be exacerbated and alumina prices will face mounting downward pressure.