[SMM Analysis: New Alumina Capacity Commissioned in February, Production Cuts Reported in Some Regions in March] SMM, February 28: According to SMM data, China's metallurgical-grade alumina production in February 2025 (28 days) decreased 8.5% MoM, up 10.4% YoY. As of February 28, China's metallurgical-grade alumina existing capacity was approximately 105.02 million mt, with actual operating capacity up 0.3% MoM and an operating rate of 86.1%.