中信证券：氧化铝拐点或至 看好铝板块投资价值

Group 1 - The core viewpoint of the article indicates that the supply-demand balance is easing, leading to a significant decline in alumina prices [1] - It is projected that the average alumina price will trend downward towards 2025, influenced by strengthened supply constraints and improved demand expectations [1] - The aluminum sector is expected to see an expansion in profit per ton, driven by dividend and valuation logic, highlighting its investment value [1]