As transactions between industrial traders and aluminum smelters become increasingly active and frequent, alumina spot prices have begun to decline at an accelerated pace, and market supply pressures are beginning to manifest themselves in the trading process. With the accelerating decline in alumina prices in the northern market, the north-south instantaneous price gap continues to widen. While expectations for north-south shipments remain strong, prices in the southwest are also under pressure. Focus on recent spot transactions that favor market-making.
Since the beginning of this year, domestic mines have made significant exploration achievements, and market-based trading of mining rights is on track. The mining volume of domestic ore reserves has continued to increase. However, the long cycle from mine construction to production, coupled with mine consolidation in some inland provinces this year and the tightening of long-term environmental protection and safety policies, has prevented significant growth in domestic ore mining and supply. Mining may even be suspended during periods of major policy changes or events. Therefore, ensuring sufficient domestic ore supply for customized alumina companies is a long-term expectation and expectation.
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