2024 is an important year for the global economic recovery, and the market for alumina will also be affected. According to industry analysis, alumina prices are expected to show an upward trend in 2024.
The following is the reason for the price increase and the analysis of the alumina market in 2025.
First of all, global aluminum prices will continue to maintain an upward trend in 2024, which will have an impact on the price of alumina. In addition, the severe short supply of alumina in the second half of a year, strong demand, which will increase the upward pressure on prices.
In this case, the alumina market will diverge in 2025. Due to the increase in aluminium production, there will be some new manufacturers entering the alumina market, which may lead to some small businesses exiting the market. Coupled with the influence of environmental protection and other factors, alumina prices will continue to maintain an upward trend.
In short, in 2024 and 2025, the alumina market will face multiple impacts and challenge.