The three newly built alumina projects in Beihai, Fangchenggang, and Nanning, Guangxi, have all achieved external product shipments, with a full-load operating capacity of nearly 3.4 million tons. This is gradually filling the operational gap caused by the sudden production cuts and creating incremental growth. It is understood that some companies have already begun shipping their products northward to the eastern Inner Mongolia region at the request of buyers. Continuous capital injection and remaining storage capacity continue to provide liquidity to the gradually oversupplied alumina market, causing price fluctuations to shift over time. While various unforeseen policies and events may still have an impact, alumina prices are rooted in fundamentals, but the influence of capital has lengthened the price cycle.
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