Aluminum prices show strong resilience in China
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Update time : 2024-11-19 16:23:14
Recently, aluminum prices have undergone a correction, following the strength of the US dollar and tracking the broader adjustments in the base metals market. This robust performance can be attributed to two key factors: high alumina prices on the raw materials side and tight supply conditions at the mining level.
Although domestic bauxite supply issues in China remain unresolved, expectations of increased supply from overseas mines are likely to impact alumina availability in the coming months. However, it will take some time for these supply changes to become fully apparent in the market. In the meantime, alumina prices continue to provide critical support for aluminum prices, helping to offset broader market pressures.
