As the military parade approaches, some alumina companies have implemented temporary production cuts, resulting in a slight decline in alumina’s operating capacity in the short term. In the medium and long term, against the backdrop of high operating capacity, continued accumulation of social inventory, weakening non-aluminum demand, and the continuous release of incremental alumina production capacity at home and abroad, the industry as a whole is still facing great pressure from overcapacity, and the spot price of alumina remains under pressure.
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