In the first half of 2024, the spot price of alumina at home and abroad showed a ladder upward trend. In terms of the domestic market, by the end of 2023 Guinea oil depot explosion, the domestic Henan, Shanxi part of the bauxite production shutdown, as well as Hebei, Shandong aluminum oxide plant due to heavy pollution weather, production cuts, the market concerns about the supply of bauxite and alumina enterprises large-scale production cuts led to the rapid rise in alumina prices in January. After the Spring Festival to early April, the domestic alumina price entered the plateau period, and the price decreased slightly, but the overall decline was not large. From mid-April to May, domestic alumina prices entered the second stage of rapid rise, driven by the macro data of the collective rise in commodity prices, a large number of funds poured into the futures market, pushing the spot market prices continue to rise, especially in Rio Tinto Group on its two Australian aluminum oxide plant shipments issued force majeure announcement, the main contract strong limit, the price hit a record high. Drove spot prices to a first-half high. In June, as the futures price fell, the spot transaction of alumina declined significantly, and the spot price entered the plateau again. In the first half of 2024, the highest spot price of domestic alumina was 3,917 yuan/ton, the lowest was 3,156 yuan/ton, and the average price was 3,504 yuan/ton, up 21.0% year-on-year.