The alumina market continues to see ongoing competition. New alumina projects in Guangxi are progressing smoothly and are expected to come online, leading to a significant increase in supply. However, downstream companies are reluctant to accept higher prices. Meanwhile, production cuts and shutdowns by some companies in both the north and south have tightened supply, providing some support for alumina prices. Furthermore, continued positive news regarding Guinea ore prices has led to generally high supplier quotes. In the short term, the alumina market lacks a clear driver and may remain in a stalemate.
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