The strong expectation of cost reductions due to falling ore prices has reduced the willingness of alumina plants to cut production due to cost inversions. This translates into a fundamental market dynamic where cost factors are unlikely to provide strong support for alumina prices. In the medium to long term, the impact of production cuts, imports and exports, and new capacity on the fundamentals of the alumina market still needs to be considered. Currently, the alumina market still faces some pressure.
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