Indonesia's Finance Minister Guarantees No Fuel Price Hike for Subsidized Fuels Until 2026 End

[SMM Aluminum Express News] Vedanta Limited reported its highest-ever production for FY 2025-26 (ended March 31, 2026). Alumina production rose 48% to a record 2.92 million tonnes. Aluminium output reached a record 2.46 million tonnes, up 1% from the previous year. The strong performance reflects improved operational efficiency and Vedanta’s growing position in the global aluminium value chain.

[SMM Aluminum Express News] Emirates Global Aluminium (EGA) estimates it will take up to 12 months to fully resume aluminium production at its Al Taweelah smelter in Abu Dhabi following the Iranian missile and drone attack. The attack caused power loss and an uncontrolled shutdown, with molten metal solidifying inside the potlines, resulting in significant damage to the smelter and casthouse. EGA CEO Abdulnasser Bin Kalban said the company is assessing the damage and will work closely with affected customers. He noted that while the smelter may take up to a year to restart, the Al Taweelah alumina refinery (2.4 million tpy) and recycling plant (185,000 tpy) could resume operations earlier.

[SMM Cast Aluminum Alloy Morning Comment: Weaker Aluminum Prices Weigh on the Market, ADC12 Remains in the Doldrums] Spot side, the ADC12 market continued to fluctuate downward. Affected by the widening decline in aluminum prices, market sentiment turned cautious, and most enterprises lowered their quotations; a few enterprises temporarily held prices steady and stayed on the sidelines with support from costs. As the Qingming Festival holiday approaches, downstream stockpiling demand fell short of expectations, with procurement still mainly driven by rigid demand, and transaction performance showed no obvious improvement. Coupled with market expectations of weakening demand in April, ADC12 prices are still facing some downward pressure in the short term, and the market remains in the doldrums.