In the domestic market, new projects are emerging one after another, and the pressure of overcapacity is continuously increasing. Due to issues such as ore supply and the construction schedules of new projects, the supply increment is expected to be more concentrated in the latter part of the first quarter of next year. From the perspective of supply and demand balance, the market is more favorable for the sellers. Given that the current alumina prices are at their highest in over a decade, and the electrolytic aluminum industry is continuously accumulating losses, more bearish news is expected to hinder a rapid increase in spot alumina prices.
