Tianshan Aluminum said at the performance briefing on August 19 that the production cost of alumina in the second quarter decreased slightly compared to the first quarter, mainly due to the gradual digestion of high-priced bauxite stocks last year. If the purchase price of bauxite falls later, especially shipping costs, it will have a positive impact on the decline in alumina costs. In terms of pre-baked anodes, the cost in the second quarter increased slightly compared to the first quarter due to the year-on-year increase in petroleum coke prices. In terms of electricity, the cost in the second quarter decreased slightly compared to the first quarter.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.