Market participants are largely taking a wait-and-see approach to the gradual confirmation and impact of Guinea’s ore policies. In the long term, the rapid growth in Guinea’s ore supply is bound to slow, but regarding the current normal supply levels for domestic ore applications, most participants believe there will be no significant changes. The current layering of information from various parties is more conducive to sellers’ bargaining power, especially in gradually passing on the impact of rising shipping costs to buyers.
In the spot market, alumina spot prices are expected to maintain upward momentum in the short term, but the rate of increase will be significantly weakened due to supply and demand structure constraints and sporadic trading.
（Chinese version）
（English version）
