Currently, the alumina market faces challenges due to a slight increase in Guinean ore prices, which has temporarily raised alumina costs and potentially improved cost support. Guinea’s ore export policy remains a short-term focus and may continue to influence alumina prices. The alumina market’s fundamentals themselves have limited changes: increased supply, high inventory levels, and reduced demand expectations have led to low restocking intentions among downstream electrolytic aluminum buyers. Market activity is moderate, and prices are unlikely to change significantly in the short term, with spot prices expected to remain stable.
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