【SMM Aluminum Flash News】Anda Shares' IPO on the Beijing Stock Exchange will be reviewed on March 20.

Despite rising aluminum prices, Alcoa's first-quarter earnings and revenue both missed expectations. The company reported Q1 revenue of $3.19 billion, a 5.3% year-over-year decrease, below the expected $80 million; adjusted earnings per share were $1.40, compared to the expected $1.55. In the first quarter ending March 31, the company's alumina production decreased 5% quarter-over-quarter to 2.4 million tonnes, while aluminum production remained flat at 607,000 tonnes. Third-party alumina shipments declined by 31% due to lower sales of externally sourced alumina to fulfill customer commitments, seasonally reduced shipments in the first quarter, and shipping delays in Australia. Total aluminum shipments decreased by 8%.

SAGA Metals will acquire the Wolverine rare earth project in Labrador, Canada, gaining full ownership of the asset. The project covers over 230 sq. km and hosts near-surface mineralization with bastnäsite, monazite and allanite, with mid-20% heavy rare earth share. Early drilling shows grades above 1% TREO in some areas, indicating development potential. The deal includes 4.25 million shares and USD 1 million in cash, with additional milestone payments. The company said the move will expand its portfolio and support supply chain needs in energy and defence sectors.

According to foreign media reports, Novelis has renewed its cooperation agreement with Infinitum, Norway's beverage container deposit refund system. This agreement aims to ensure that all aluminum beverage cans used in Norway are efficiently collected, recycled, and reintegrated into the production cycle. Through this cooperation, aluminum collected by Infinitum's recycling facilities in Norway is transported to Novelis' recycling plant in Latchford, UK, where it will be processed into new aluminum can sheets.