NANSHAN AL INTL (02610) saw its stock price plummet by 6.05% in early trading on Monday, as the company reported a significant decline in overseas alumina prices for the third quarter of 2025. The stock's sharp decline reflects investor concerns over the company's near-term profitability and market conditions in the alumina industry.

According to the company's announcement, the average Q3 overseas alumina price was approximately $357 per ton, representing a substantial 29% year-on-year decrease. The price decline was attributed to weakened cost transmission from upstream bauxite in July and August, followed by increased competition as new overseas alumina production capacity came online in September, further driving prices down.

Despite the current market challenges, NANSHAN AL INTL, a subsidiary of A-share listed Nanshan Aluminum, maintains a strong position in the industry. The company operates a major alumina project in Indonesia with an annual production capacity of 3 million tons as of August. Furthermore, the construction of a second-phase project, which will add 1 million tons per year to its capacity, is progressing faster than expected. Operations for this expansion are anticipated to commence in Q4 2025 or Q1 2026, potentially positioning NANSHAN AL INTL as the largest alumina producer in Southeast Asia. While this expansion may strengthen the company's market influence in the long term, the current price environment presents significant near-term challenges that have clearly impacted investor sentiment.