1、 The guarantee degree of bauxite resources in China is further reduced. According to the 2020 census results released by the Ministry of natural resources in 2021, the proved reserves of bauxite resources in China were only 576.524 million tons in 2020. This means that the potential risk of resource guarantee for the sustainable development of China’s aluminum industry is increasing sharply, so it is urgent to strengthen efforts to solve the problem of comprehensive utilization of low-grade bauxite resources. 2、 The trend of China’s bauxite relying on import has further intensified. In 2021, China’s bauxite import volume has exceeded

According to the calculation of Aetna, in February 2022, the weighted average cost (including tax) of electrolytic aluminum in China was 17249 yuan / ton, an increase of 663 yuan / ton or 4.0% month on month; The manufacturing cost including tax was 16091 yuan / ton, an increase of 4.2% month on month; Aluminum prices continued to rise sharply. The average contract price of Shanghai aluminum was 22772 yuan / ton, up 7.1% month on month. The profitability of electrolytic aluminum enterprises is still considerable, with a profit level of 5523 yuan per ton of aluminum, realizing the profitability