25 Nov 2025 03:36:00 ET │ 9 pages China Materials What's New at 2025 China Materials Tour: Meeting with SMM Aluminum Expert CITI'S TAKE We hosted the 2025 China Materials Tour and met with an aluminum expert from SMM on 17th Nov. Mr. LIU Xiaolei, chief aluminum analyst of SMM, attended the meeting. Mr. Liu estimates China should extend the deficit in front of aluminium in 2026, with an estimated net import vol at ~2.5mn tons. The continual demand growth, together with the capacity cap, should support the al ...